Iraq signs $10bn deal to tackle electricity shortages

21 September 2021

Iraq has signed a $10bn agreement with TotalEnergies for energy projects aimed at preventing billions of dollars worth of economic losses resulting from electricity shortages.

Under the agreement Total Energies will invest in projects to recover and treat gas to supply to local power stations, as well build and operate a 1GW solar photovoltaic (PV) power plant with a capacity to supply electricity to the grid in the Basra region.

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