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Iraqi Kurdistan soon to receive 24 hours
electricity per day
26.7.2008
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July
26, 2008
Erbil-Hewler, Kurdistan region "Iraq", — For
the first time in decades the one million
inhabitants of Erbil, in Iraqi Kurdistan, will be
receiving 24 hours of electricity per day. The Trade
Bank of Iraq (TBI) announced Saturday that the Erbil
power plant they helped finance is now working.
At present, the power plant provides the Erbil area
with 16 hours' electricity per day and by the end of
August it will supply electricity 24 hours per day:
500 megawatts of electricity per hour,www.ekurd.net
which is 14% of the
current Iraqi network and 36% of the electricity
needs of Iraqi Kurdistan.
Beforehand the construction of this power plant, the
electricity situation in the area was very bad: in
summer Erbil and the surroundings received between
4-6 hours per day, while in the winter electricity
did not extend beyond 1-2 hours per day.
"The plant was wholly financed by private Iraqi
investors. This is a great success story: 24 hours
of electricity in Iraqi Kurdistan by the end of
August for the first time in decades, and all thanks
to Iraqi's private sector", said TBI's Chairman,
Hussein Al-Uzri.
TBI part-financed this plant by extending direct
credit facilities, helping also by establishing
Letters of Credit for the import of equipment for
the plant.
Copyright, respective author or news agency,
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