Iraq Unveils Ambitious Plan to Ramp Up Electricity Production to 11,000 MW by 2026
As a part of its strategic energy expansion, Iraq has set a target to augment its electricity production by 11,000 MW over the next three years. The plan includes extensive projects, a grid link with neighboring countries, and a focus on renewable energy initiatives
In a decisive move to fortify its energy infrastructure, Iraq's Electricity Minister, Ziad Fadhil, recently laid out an ambitious roadmap to enhance the nation's electricity production by nearly 11,000 megawatts (MW) within the coming three years. The country's strategic plan embraces the development of new projects and a vital grid connection with adjoining countries.
As of now, Iraq's electricity generation stands at around 26,000 MW, while the demand soars to an estimated 40,000 MW. The stark energy deficit has prompted the country to depend on imported gas from Iran, as domestic production is unable to fulfill the existing needs.
Fadhil, in his statement to the official Iraqi news agency, elucidated the comprehensive strategy crafted by the Electricity Ministry to elevate Iraq's electricity production. A substantial part of this target will be achieved through the enhancement of current networks, and the remainder will be realized through collaborations with neighboring states, as well as the execution of renewable energy schemes.
In an effort to diversify its energy matrix and emphasize sustainability, Iraq has secured contracts with TotalEnergies and other international corporations to build solar power facilities. Moreover, the OPEC-member nation is setting its sights on further broadening its renewable energy portfolio by allocating more projects to different companies in the foreseeable future.
These collective initiatives underscore Iraq's commitment to bridging the gap between energy supply and demand, promising a more resilient and stable energy framework for the well-being of its populace.
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