FINANCE
Chinese company to build najaf power station
10/08/2011 17:40
Najaf, August 10 (AKnews) - Najaf Provincial Council has made a preliminary agreement with a Chinese company for it to build a power station, the head of the energy committee in Najaf told AKnews.
Talal Bilal said the US$79 million electricity project will have a capacity for producing 100 megawatts. The station will be run on oil.
The agreement came after the Chinese National Electricity Company presented an offer to the council whereby the council would pay the costs in instalments over five years.
The agreement on Wednesday could ease the province's dire electricity shortfall, as the 100MW plant will provide 25% of the province's power. The company has vowed to assume operation and maintenance of the station for three years.
To produce 100MW the station will require 55,000 liters of fuel per day, a quarter of what Najaf refinery produces per day.
"The station will be built near the refinery for the ease of transporting the fuel," Bilal said. "The company will complete the project in six months and it is expected to operate next summer"
Less than 7,000MW of electricity is currently available to Iraq's power grid which is not adequate to provide most people with even eight hours per day.
During the summer months when air conditioners battle the 50 degree heat demand hits 14,000MW.
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Chinese company to build najaf power station
10/08/2011 17:40
Najaf, August 10 (AKnews) - Najaf Provincial Council has made a preliminary agreement with a Chinese company for it to build a power station, the head of the energy committee in Najaf told AKnews.
Talal Bilal said the US$79 million electricity project will have a capacity for producing 100 megawatts. The station will be run on oil.
The agreement came after the Chinese National Electricity Company presented an offer to the council whereby the council would pay the costs in instalments over five years.
The agreement on Wednesday could ease the province's dire electricity shortfall, as the 100MW plant will provide 25% of the province's power. The company has vowed to assume operation and maintenance of the station for three years.
To produce 100MW the station will require 55,000 liters of fuel per day, a quarter of what Najaf refinery produces per day.
"The station will be built near the refinery for the ease of transporting the fuel," Bilal said. "The company will complete the project in six months and it is expected to operate next summer"
Less than 7,000MW of electricity is currently available to Iraq's power grid which is not adequate to provide most people with even eight hours per day.
During the summer months when air conditioners battle the 50 degree heat demand hits 14,000MW.
[You must be registered and logged in to see this link.]