Saleh: The electricity sector consumes 50% of the investment allocations annually
Saturday, Jun 4, 2022 10:31 PM
National News Center/ Baghdad
Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Saturday, that the electric power sector annually exhausts 50% of the investment allocations,
pointing out the need to provide the national network with urgent investment through small generating stations in all governorates that operate on local fuel.
Saleh said in a statement, followed by the National News Center, that “the electric power sector depletes about 50% of investment allocations annually,” noting that
“the accumulation of financial savings must have a positive impact on the development of the electric power sector, as Iraq needs 30,000 megawatts. To sustain the residential supply for 24 hours, but what is available is 20,000 megawatts.”
He pointed out the need for "immediate precaution to enter the next decade by about 50,000 megabytes through investment financing of no less than 30 billion dollars mobilized for this purpose."
He added that "there is a technological waste in the energy transmission approaching 30% of the total production as a result of the outdated transmission and distribution networks without renewal,
as well as commercial waste in the distribution sector (collection and collection) of no less than 30% of the total production also due to the assault on the networks. and free violations of electric power consumption.”
He pointed out the importance of “finding an integrated and balanced system between the axes of electrical energy production, energy transmission, and the distribution system or collection.
He added that: Investment in production is a necessary matter,
provided that it is accompanied by an investment in energy transfer on the one hand, and
requires administrative organization for collection and making the sector economically profitable to sustain investments on the other hand.