Masdar, a subsidiary of Mubadala Investment Company announce the signing of an implementation agreement with the Republic of Iraq to develop a combined capacity of 1 gigawatt (GW) solar photovoltaic (PV) projects.
The Proejcts will be located in five locations. 450MW PV solar independent power producer (IPP) project in the Dhi Qar governorate in southern Iraq; 100MW and 250MW PV IPPs in Ramadi in central Iraq; a 100MW PV IPP in Mosul and a 100MW project in Amarah in the southeast of the country.
The signing took place at a ceremony in Baghdad, in the presence of His Excellency Mustafa Al-Kadhimi, Prime Minister of the Republic of Iraq, HE Suhail Al Mazroui, Minister of Energy and Infrastructure for the UAE, HE Ihsan Ismaael, Oil Minister for Iraq, and HE Adel Karim, Minister of Electricity for Iraq, HE Salem Issa Qattam Al Zaabi, the UAE ambassador to Iraq and senior executives from Masdar.
The agreement was signed by HE Suha Al-Najar, President of the National Investment Commission for the Republic of Iraq, Maha Hamoudi Abdul-Jabbar the Director General of the Investments and Contracts Department at the Ministry of Electricity, and Mohamed Jameel Al Ramahi, CEO of Masdar.
The five projects form the first phase of an agreement that Masdar Signed with Iraq earlier during June 2021 (read more)
