Iraqi companies engaged in energy storage

Is foreign help enough to fix Iraq's energy problems?

Foreign help is not enough to fix energy issues, domestic reform is necessary. This past July, Iraq and France’s TotalEnergies finalized the Gas Growth Integrated Project, a $27 billion energy deal aimed at Iraq’s natural resources and improving the country’s electricity supply.

Can Iraq redevelop power plants?

Iraq’s plan to reconstruct power plants in liberated areas and add 11 gigawatts of capacity is an ideal solution to their electricity woes – and a model for nations looking to spur on economic growth by redeveloping energy infrastructure. Summer in Iraq: Private generators rumble throughout the night.

How has war affected Iraq's power infrastructure?

Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure.

Will Iraq be able to connect to the GCC electricity grid?

Another planned power initiative aims to connect Iraq to the GCC electrical grid. This endeavor envisions delivering 1.8 gigawatts of electricity by 2025, stretching from the al-Wafra station in Kuwait to Iraq’s Al-Faw station in the south.

Is Iraq a good place to invest?

While Iraq has expressed a desire for cooperation with Gulf states in the past, its proximity to Iran and its instability hindered investment opportunities. Iraq’s political system, which has been in place for two decades now, has shown its resilience in major crises such as terrorism, secessionist movements, and large-scale protests.

Does Iraq have a green energy plan?

Iraq intends to generate 25% of its energy from green sources by 2030, and in 2022 made $750m in low interest loans available to fund solar initiatives. An increase in renewable power will drive growth in green hydrogen and ammonia production.