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Iraq: the formation of a higher committee to resolve banking problems that hinder the work of the electricity companies
30/07/2011 15:51
Baghdad, July 30 (Rn) - The Director of the Information Office of the Deputy Prime Minister for energy affairs Hussein al-Shahristani, today, Saturday, the formation of a committee consisting of the legal, financial, legislative and commercial bank and finance ministry to speed up the account opening bank credit for global companies that implement the electricity projects. said Faisal Abdullah, a Kurdish news agency (Rn) that "the legal, financial, legislative and commercial bank and the Ministry of Finance and the advisers will work to develop a list of new controls to speed up the account opening bank credit for global companies that implement the electricity projects." He added that "electricity projects face obstacles to banking related delay open credit accounts in international banks that deal with Iraq. " He said, "facilitate the opening of bank credit by the Commission will contribute to addressing the obstacles that stand to delay the completion of power projects in the next phase." said Energy Commission representative yesterday, Friday, agreed with the Ministry of Electricity and oil processing 24 hours a day of electricity in 2013. The Iraqi electricity minister, had complained last Thursday during hosted by the Chamber of Deputies with the deputy Prime Minister Hussein Shahristani, Oil Minister Abdul-Karim and coffee from a lack of fuel and concern for the ministry provided and distributors of production is certain that Altgiz formal continuous for each province, 8 hours per day, or Okther hour or two as he had asked Parliament to provide treatment to open credit accounts in international banks. and Akhosralarac 1000 MW of electricity because of overtaking on the system Electrical. He said experts on energy that the poor distribution is the main reason behind the deterioration of electric power in the country. The Ministry of the Federal Electricity for it had agreed with the Iranian side to raise the level of electric power from Iran through the line "Krkh - Building" to 400 MW. The ministry revealed earlier that the projects to set up gas stations designed to produce 7150 MW into the system in 2013. and suggested the Ministry of the Federal Electricity at the beginning of this month stopped a number of power stations due to the arrival of the fuel necessary to run saying it formed a committee to provide fuel for power stations during the summer. According to experts, the country needs an emergency plan through the provision of small stations provide about 11 thousand volts, comes ready from the neighboring countries and is setting up this international companies interested in investment projects electrolysis. Iraq has suffered from a severe shortage of electric power, and continues to the national grid is unable to supply electricity to more than a few hours a day, in comes interruptions repeated in power at the top of citizens' complaints. According to government figures, the power of Iraq available approximately 9 thousand megawatts, with an estimated demand of up to 14 thousand megawatts during the summer when temperatures exceed 50 degrees Celsius. Iraq has been planning to increase the capacity of electricity to 27 thousand MW the next four years and require an investment of not less than three to $ 4 billion a year to be able to achieve this goal of Jafar Wanan, the Open: Peace Baghdadi
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30/07/2011 15:51
Baghdad, July 30 (Rn) - The Director of the Information Office of the Deputy Prime Minister for energy affairs Hussein al-Shahristani, today, Saturday, the formation of a committee consisting of the legal, financial, legislative and commercial bank and finance ministry to speed up the account opening bank credit for global companies that implement the electricity projects. said Faisal Abdullah, a Kurdish news agency (Rn) that "the legal, financial, legislative and commercial bank and the Ministry of Finance and the advisers will work to develop a list of new controls to speed up the account opening bank credit for global companies that implement the electricity projects." He added that "electricity projects face obstacles to banking related delay open credit accounts in international banks that deal with Iraq. " He said, "facilitate the opening of bank credit by the Commission will contribute to addressing the obstacles that stand to delay the completion of power projects in the next phase." said Energy Commission representative yesterday, Friday, agreed with the Ministry of Electricity and oil processing 24 hours a day of electricity in 2013. The Iraqi electricity minister, had complained last Thursday during hosted by the Chamber of Deputies with the deputy Prime Minister Hussein Shahristani, Oil Minister Abdul-Karim and coffee from a lack of fuel and concern for the ministry provided and distributors of production is certain that Altgiz formal continuous for each province, 8 hours per day, or Okther hour or two as he had asked Parliament to provide treatment to open credit accounts in international banks. and Akhosralarac 1000 MW of electricity because of overtaking on the system Electrical. He said experts on energy that the poor distribution is the main reason behind the deterioration of electric power in the country. The Ministry of the Federal Electricity for it had agreed with the Iranian side to raise the level of electric power from Iran through the line "Krkh - Building" to 400 MW. The ministry revealed earlier that the projects to set up gas stations designed to produce 7150 MW into the system in 2013. and suggested the Ministry of the Federal Electricity at the beginning of this month stopped a number of power stations due to the arrival of the fuel necessary to run saying it formed a committee to provide fuel for power stations during the summer. According to experts, the country needs an emergency plan through the provision of small stations provide about 11 thousand volts, comes ready from the neighboring countries and is setting up this international companies interested in investment projects electrolysis. Iraq has suffered from a severe shortage of electric power, and continues to the national grid is unable to supply electricity to more than a few hours a day, in comes interruptions repeated in power at the top of citizens' complaints. According to government figures, the power of Iraq available approximately 9 thousand megawatts, with an estimated demand of up to 14 thousand megawatts during the summer when temperatures exceed 50 degrees Celsius. Iraq has been planning to increase the capacity of electricity to 27 thousand MW the next four years and require an investment of not less than three to $ 4 billion a year to be able to achieve this goal of Jafar Wanan, the Open: Peace Baghdadi
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