Iranian firm to build power plant in Basra at a cost of $ 2.5 billion
Representational file photo.
(IraqiNews.com) Baghdad – The Iranian company “MAPNA” announced on Monday the start of the implementation of power plant project in Rumaila area in Basra, after a year and a half of negotiations with the Iraqi side at a cost of $ 2.5 billion.
The site of the Iranian newspaper “Iran Daily” quoted the company’s CEO Abbas Ali Abadi as saying that “his company started to implement a plant to generate electric power by natural gas in Rumaila southern Iraq after a year and a half of negotiations with the Iraqi side.”
It is scheduled that the station project to be completed within 4 years.
The station aims to add 3,000 megawatts of electric power to the Iraqi national grid, which suffers from an acute shortage of its current capacity, which amounts to 8500 MW.