She added Qatar Energy In a statement, the French energy giant will retain the remaining 50 percent stake in the project, which is part of the (Integrated Gas Growth Project in… Iraq) amounting to $27 billion, without revealing the size of the deal.
The initiative (Integrated Gas Growth Project in Iraq) aims to enhance electricity supplies in Iraq, including by maintaining… mystification In three oil fields instead of burning it with the aim of using it to supply power plants, which helps reduce the Iraqi import bill.
The initiative also includes renewable energy projects.
Iraq currently imports between a third and 40 percent of its electricity and gas needs from… IranHowever, it still suffers from widespread power outages, especially in the hot summer months when demand for energy for cooling increases.
Qatar Energy said that the solar energy project, which will be developed in stages to enter into operation between 2025 and 2027, “will be able, upon completion, to provide up to 1.25 gigawatts at peak of electricity generated from solar energy,” noting that the project will include the use of “two million High efficiency bifacial solar panel.
The company added that the project “will be able to supply electricity to about 350,000 homes in the Basra region.”
Last year, Qatar Energy joined an alliance to implement the (Integrated Gas Growth in Iraq) project, “owning a 25 percent stake, along with Total Energies 45 percent, and Basra Oil Company 30 percent.”