Khatib: Reconstruction of the electricity sector requires 20 billion dollars

Khatib: Reconstruction of the electricity sector requires 20 billion dollars



Minister of Electricity Louay Khatib
 
04/01/2019

Economy News Baghdad

Iraqi Electricity Minister Luai Khatib said that the reconstruction of the electricity sector in the country requires 20 billion dollars, stressing the existence of agreements from international companies to solve the energy crisis in the country.

This came in a statement to the ministry on the sidelines of an expanded meeting held by Khatib at the ministry's headquarters for energy officials.

Khatib added, "The ministry needs time to resolve the crisis, we will have agreements with major countries, and other donors, as well as specialized international companies will transfer the state of electricity in the country to more advanced stages, and this space should be given to the ministry after the months of next summer And for six months, we will achieve success for the government and the ministry. "

"We are heading for radical rather than patching solutions. The electricity sector needs to be reconstructed for up to $ 20 billion over two to four years."

The Iraqi government has estimated the total damage to the electric power organization as well as the funds needed to rehabilitate the damaged projects (production, transport and distribution) by about $ 5.9 billion.

Iraq has spent about $ 40 billion over 12 years on the electric power file, according to a government report issued in 2013, but most of the provinces still suffer from power outages for long hours.

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