The Iraq Britain Business Council (IBBC) has announced that Shire Oak International has become the latest organisation to join the Council.

Shire Oak International is the first organisation with a primary focus on Renewable Energy to join the IBBC.

Shire Oak International is a developer and financier of large-scale renewable energy projects in developing countries and emerging economies. Its core mission is to be a global pathfinder in devising, implementing and spreading renewable energy solutions to drive transformational change in the rate of adoption of renewable energy in the developing world.

In line with this mission – as of October 2018 – the company is advancing 3.7GW of renewable energy projects to be operational in the coming 3-5 years. Beyond this initial suite of projects, the company is validating a further potential 5-6GW to be operational by 2030, a total of over 9GW in 13-15 countries. While the projects and country portfolios are different in many ways, they face common challenges.

Shire Oak International aims to provide a suite of development and financing solutions to surmount these challenges in order to bend the emissions curve in globally important energy markets. Innovative blended finance structures, which combine public and private funds, will be deployed.

Shire Oak International will bring significant expertise in the renewable energy sector to the IBBC, which brings exciting future possibilities to Iraq and its people.

(Source: IBBC)

The Iraq Britain Business Council (IBBC) has announced that Shire Oak International has become the latest organisation to join the Council.

Shire Oak International is the first organisation with a primary focus on Renewable Energy to join the IBBC.

Shire Oak International is a developer and financier of large-scale renewable energy projects in developing countries and emerging economies. Its core mission is to be a global pathfinder in devising, implementing and spreading renewable energy solutions to drive transformational change in the rate of adoption of renewable energy in the developing world.

In line with this mission – as of October 2018 – the company is advancing 3.7GW of renewable energy projects to be operational in the coming 3-5 years. Beyond this initial suite of projects, the company is validating a further potential 5-6GW to be operational by 2030, a total of over 9GW in 13-15 countries. While the projects and country portfolios are different in many ways, they face common challenges.

Shire Oak International aims to provide a suite of development and financing solutions to surmount these challenges in order to bend the emissions curve in globally important energy markets. Innovative blended finance structures, which combine public and private funds, will be deployed.

Shire Oak International will bring significant expertise in the renewable energy sector to the IBBC, which brings exciting future possibilities to Iraq and its people.

(Source: IBBC)

By John Lee.

Oil Minister Thamer Al-Ghadhban met on Monday with Richard Crow, the Director of Development for the Middle East and North Africa at Shire Oak International.

During the meeting, they discussed prospects for joint cooperation in developing Iraq’s renewable energy sector.

Mr Crow expressed his company’s desire to develop the country’s energy sector by building solar plants.

The UK-based company describes itself as a “developer and financier of large-scale renewable energy projects in developing countries and emerging economies. Its core mission is to be a global pathfinder in devising, implementing and spreading renewable energy solutions to drive transformational change in the rate of adoption of renewable energy in the developing world.”

(Source: Ministry of Oil)

By John Lee.

The spokesman for the Ministry of Electricity, Dr. Musab Sari al-Mudaris [Mussab Serri al-Mudaris] (pictured) has denied reports that he had told Bloomberg about an agreement to buy electricity from Saudi Arabia.

He said the statement from the news agency is incorrect.

Bloomberg had cited Mudaris as saying that Saudi Arabia agreed to build a 3,000-megawatt solar power plant in Saudi Arabia and sell the electricity to Iraq at $21 per megawatt-hour, a quarter of what it paid Iran for the imports.

Iran recently stopped supplying electricity to Iraq due “the accumulation of debts owed by Baghdad“.

(Source: Ministry of Electricity, Bloomberg)

Iraq prepares to curb greenhouse gas emissions through development of a roadmap for mitigation action

A total of 27 Iraqi experts and officials discussed and agreed on an outline for Iraq’s actions towards mitigating the cause of climate change that will lead to the finalization of the country’s Roadmap for Nationally Appropriate Mitigation Action (NAMA).

This outline was the outcome of a technical consultation meeting organized in Erbil by the United Nations Development Programme (UNDP) and the Ministry of Health and Environment (MoHE), over the period of 10-11 February 2017.

Deputy Minister of Health and Environment, Dr. Jasim Al Falahi, reiterated:

“Iraq is firmly committed to the cause of climate change, and NAMA will serve as an effective tool to translate our vision into practical climate actions.”

In turn, Head of the Environmental Protection and Improvement Board (EPIB) of the Kurdistan Regional Government (KRG), Mr. Samad Mohammed Hussein, expressed appreciation to UNDP’s support on NAMA Roadmap preparation, stating:

“The technical consultation on NAMA has been very useful for identification of potential sectors and means to curb emissions in the Kurdistan Region.”

UNDP’s Environment, Energy and Climate Change (EECC) Programme Manager, Mr. Tarik-ul-Islam, said:

“This consultation meeting not only contributes to Iraq’s overall strategy for climate action, it also reassures the high sense of commitment at both the federal and regional levels towards well coordinated and synchronized responses and preventive measures to climate related challenges.”

Participants were representatives of different ministries, departments and sectors relevant for high potential of emission reduction. In addition to reviewing mitigation possibilities in priority sectors, they identified appropriate strategies and mechanisms for effective implementation of the proposed actions.

The consultation was conducted under UNDP’s Project Catalyzing the Use of Solar Photovoltaic Energy in Iraq, funded by the Global Environment Facility (GEF).

(Source: UNDP)

The Ministry of Electricity of the Republic of Iraq (the MOE) herby announces issuing a Request for Proposal (PFP) in connection with the following tenders no. MOE/HQ/19/2016 for renewable Energy of 50 MW SAWA PV Power Plant Project on a (BOO) basis, Build, Own, Operate, at Al-Salman District, Al Muthana Governorate, Iraq.

Tender Rules against non refundable amount of 250.000 ID, two hundred fifty thousand Iraqi Dinar, to be paid against a receipt from the following address.

The Ministry of Electricity, Office of Investment and Contracts – Tenders Section, Ministry of Electricity Headquarters, Al Niqabat Street, Al Mansour District, Baghdad, Iraq.

Interested parties should note the following:-

  1. The MOE will enter into a power purchase contract with the winning bidder.
  2. The term of power purchase contract will be 20 years.
  3. Further details are laid out in the (RFP)
  4. Authorized representative should have an authorization letter to buy the Tender Rules.
  5. Any further questions can be referred to: 32-contracts@moelc.goc.iq or contact cell no. 07901935786.
  6. Closing time at 12 pm Baghdad local time on 20th of July 2016.

Ra’ad Qassim

Director General

(Source: National Investment Commission)

(Renewable Energy image via Shutterstock)

By John Lee.

Iraq’s Electricity Minister, Qassem Fahdawi [Qassim al-Fahdawi] (pictured), has reportedly said that his ministry is looking to invest in solar energy projects, in an attempt to solve the continuing shortage of electricity.

He said the country produces only about 11,000 MW of power, but needs 21,000 MW.

According to Kuwait’s KUNA news agencey, he said that fuel supply was the major stumbling block, especially since the Baiji [Beiji, Bayji] oil refinery had stopped operating following attacks by the Islamic State group (IS, ISIS, ISIL).

(Source: KUNA)

By John Lee.

Iraq’s Ministry of Electricity, in coordination with the National Investment Commission (NIC), have announced an investment opportunity to construct three solar power stations and one wind power station.

The plants will capacity of between 5 and 10 MW, and be situated in Diwaniya, Najaf and Missan (Maysan) provinces:

  1. Diwaniya: A solar power station on a 50-donum site at Dagharah;
  2. Diwaniya: A solar power station on a 50-to-60-donum site at Al- Suniyah;
  3. Najaf : A solar power station on a 200-donum site at Al- Haideriyah;
  4. Missan: A wind power station at Ali al- Gharbi.

Investors willing to invest in this opportunity should submit a letter of interest to the National Investment Commission by 13th May, providing a profile that contains the following:

  • Project feasibility study that matches with the one arranged by the Ministry of Electricity (which can be obtained with the information confidentiality form when visiting NIC)
  • Signing the information confidentiality form when visiting NIC
  • Preliminary engineering plans
  • Financial competency with the details of the project funding sources
  • Duration and stages of project implementation
  • Similar accomplished projects

The project will enjoy the following privileges:

  • Tax and fees exemptions according to investment law provisions
  • Ministry of Electricity, NIC and provincial governments shall undertake providing all facilitations to investor in order to obtain all licenses and approvals needed through the Ones Stop Shop in addition to providing facilitations during the implementation and operation stages
  • The investor has the right to repatriate capitals, revenues and workers fees according to the CBI regulations after paying all financial dues.

For further information please contact:

(Source: National Investment Commission)

(Renewable Energy image via Shutterstock)