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Jordan, Iraq sign a power contract to grid, sell electricity DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Jordan, Iraq sign a power contract to grid, sell electricity

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Jordan, Iraq sign a power contract to grid, sell electricity Empty Jordan, Iraq sign a power contract to grid, sell electricity

Post by GirlBye on Sun Sep 27, 2020 2:01 pm

(MENAFN - Jordan News Agency) Amman, Sept.27 (Petra)-Jordan and Iraq have signed a power contract on Sunday, to grid the electricity network and sell electric power mutually.
According to the power contract, which was concluded remotely, Jordan will provide the Iraqi side with 1000 gigawatt hours annually during the project's first phase, after completing the network grid between the two countries.


The project's second phase allows the two sides to increase the capacity of electric energy exchange, read the contract.
The contract signing, attended by Minister of Energy and Mineral Resources, Hala Zawati, and the Iraqi Minister of Electricity, Majed Amara, was inked by General Director of the National Electric Power Company (NEPCO), Amjad Rawashdeh and Director General of the Iraqi General Electric Power Transmission Company, Barak Saad Nour.


In press statements following the signing ceremony, Zawati stressed the importance of the Jordanian-Iraqi electric interconnection in enhancing bilateral cooperation within the framework of Jordan's aspiration to grid with neighboring countries for the purpose of exchanging electric energy.


These power projects will contribute to stability of electric systems and serve plans aimed to establish a common Arab energy market, which in turn will work to enhance pan-Arab economic integration, according to the minister.


The minister also stressed the importance of the power contract, which is consistent with goals of the comprehensive strategy of Jordan's energy sector for 2020-2030, aims to make the country a regional center to exchange energy in all its forms, especially after a memorandum of understanding for the electric interconnection was signed with Saudi Arabia, which constitutes the start of the comprehensive pan-Arab electric interconnection projects.


Lauding the "existing" cooperation between Jordan and Iraq in the energy field, she stressed the importance of completing the rest of the joint energy cooperation projects for their role in serving the common interests.


For his part, Rawashdeh said the contract allows the National Electric Power Company (NEPCO) to export the electric energy available in the Jordanian electrical system after completing the joint electric interconnection in its first phase after about 26 months.


Rawashdeh indicated that the interconnection project is in its second phase, which will be completed after finishing the necessary technical studies, and installing necessary infrastructure for the electric networks in the two countries, will allow the two sides to increase the capacity of electric energy exchange, in a manner that ensures the achievement of standards of electric energy economics and exchange, in accordance with the best international practices in place.


He said: "This project would reduce the capital costs necessary to invest in future power plants and raise the capacity factor of the existing electric stations, in a way that serves the common interests and forms the nucleus of additional projects to grid the region's countries."


https://menafn.com/1100864972/Jordan-Iraq-sign-a-power-contract-to-grid-sell-electricity
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Jordan, Iraq sign a power contract to grid, sell electricity Empty Re: Jordan, Iraq sign a power contract to grid, sell electricity

Post by GirlBye on Sun Sep 27, 2020 2:13 pm

Iraq’s electricity ministry has revealed the country’s plans to boost its power capacity with an additional 3 gigawatts (GW).


Iraq will “soon” add an additional 3,000 megawatts of power to the electricity grid as it seeks to decrease dependence on imported Iranian gas, the ministry said on Friday.
Ahmad Musa Al Abadi, Electricity Ministry spokesman, told the state-run Iraq News Agency on Friday that they are “working to introduce approximately 3,000 new megawatts to the system through production units and stations that will enter work soon, and will be among the preparations for the new year."


The comments come a day after the United States extended a sanctions waiver on Iraq to continue importing gas from neighbouring Iran that is crucial to keeping lights on in power scares Iraq.


“The US administration sees the exemption as an opportunity for Iraq to work on rehabilitating the gas fields and to ensure a fuel plan to operate the production stations,” said Al Abadi.


Mr Al Abadi said that the ministry was working to diversify power generation and is proceeding with plans to connect the national grid with neighbouring states.


The majority of Iraq’s domestic power production is generated by plants built in the 1970s and 1980s with a few newer gas-powered stations built after 2003.
Last year, Iraq signed a deal to connect its power network with GCC states in order to import 500 megawatts of power by 2020.


A 300-kilometre power line will run from Kuwait to Iraq’s southern port of Faw and be financed by the GCC, the Iraqi Electricity Ministry said at the time.
Iraq is faced with a legacy of poor service provision caused by massive corruption and ineffectual governance since 2003.


Around 31 per cent of the gas used to generate power in Iraq is imported from Iran. The new waiver will last 60 days.


https://www.arabianindustry.com/utilities/news/2020/sep/27/iraq-plans-to-boost-power-capacity-with-an-additional-3gw-6436651/
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Jordan, Iraq sign a power contract to grid, sell electricity Empty Re: Jordan, Iraq sign a power contract to grid, sell electricity

Post by GirlBye on Wed Sep 30, 2020 11:39 am

AMMAN — Jordan and Iraq on Sunday signed a contract to connect the electric power grids of the two countries and sell electricity mutually, according to an Energy Ministry statement.
Under the agreement, signed during a videoconference, Jordan, after the completion of the electric linkage project, provides Iraq with 1,000 gigawatt hours per year in the first phase of the project, to be followed by a second phase that allows for the two sides to increase the power exchange capacity.



Energy Minister Hala Zawati and her Iraqi counterpart Majed Emarah attended the signing ceremony, while Director General of the National Electric Power Company (NEPCO) Amjad Rawashdeh and Iraqi General Manager of the General Company for Electric Power Transmission/Central Region Barak Saad Nur signed the agreement.


Zawati, in her remarks, highlighted the importance of the Jordanian-Iraqi power grid connection, pointing out that the project enhances the stability and reliability of electricity networks in both countries, as well as serves the intention of establishing a joint power market in the Arab world, which would promote Arab economic integration.
Highlighting the importance of the move, Zawati said that the agreement is in line with the 2020-2030 comprehensive strategy for the energy sector, entailing that Jordan should be a regional hub for the exchange of energy in all its forms, especially after signing the Jordanian-Saudi power grid connection agreement.


Rawashdeh said that the new agreement, after the completion of the linkage between the two countries in its first phase, which needs about 26 months, allows NEPCO to export electricity, adding that the project will reduce the capital costs required to invest in the power generating plants and raise the capacity of the existing plants, which serves the interests of the two countries, as well as paves the way for additional connections with other countries.
Supplying Iraq with electricity will begin after the completion of the construction of the new Al Risha plant in Jordan, and the establishment of the 300-km power line connecting Al Risha station with Al Qaim conversion plant in Iraq, to be completed within 26 months after the date of the contract, the statement added.


:copyright: Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).




https://www.zawya.com/mena/en/business/story/Jordan_Iraq_sign_agreement_to_connect_grids-SNG_185715555/
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