Egyptian engineering companies from October 6th City are currently studying proposals to establish a joint Egyptian-Iraqi manufacturing unit for electricity generators and converters.
By upgrading Iraq's power stations facilities, the project aims to enhance the country's electricity generation capacity. Execution of the project is expected to begin in January 2002.
The project’s estimated cost was set at $200 million, according to deputy chairman of the city’s businessmen association, Muhammad Khamis, quoted in Al-Gumhuria. Khamis added that Iraq would contribute half of the required investments, while Egypt will provide the remaining share.
An electricity cooperation deal was signed between Egypt and Iraq in September 2000, providing for an exchange of technical skill and knowledge in the upkeep of power stations, according to the Egyptian news agency MENA.
In mid-July Iraq joined the Electric Connection Accord between Syria, Jordan, Egypt, Turkey and Lebanon. The first phase is already in force, connecting the Egyptian, Jordanian and Syrian electricity networks to a unified grid. The connection between Turkey and Lebanon is to be accomplished by year’s end, while Iraq’s linking is to be executed in a later date. — (Mena Report)
© 2001 Mena Report (www.menareport.com )