default
The Kurdistan Region is welcoming foreign companies for investment in its electricity sector. Many companies from different countries are ready to enter this field, and the Kurdistan Regional Government (KRG) is making significant efforts to boost electricity production.
As summer approaches, the demand for electricity in Kurdistan increases. To enhance the electrical supply, the KRG is pursuing several strategies, including opening the sector to foreign investment. Building more dams is also a key approach, as it strengthens the infrastructure for household power.
“Building dams and using water as an energy source will greatly help increase electricity supply in Kurdistan. Many dams have been constructed during the KRG’s ninth cabinet and can become valuable sources of electricity in the future,” said a Kurdish official. He also noted that the KRG has made it easier for international businesses to invest in the electrical industry.
Kurdistan has made it easier for international investment in the electricity sector. Recently, the manager of TBEA, China’s largest transformer producer and the third-largest power provider, visited Kurdistan to share plans for electrical projects in line with the government’s focus on electricity. The company secures loans from major Chinese banks to build projects in power generation and transmission using renewable energy sources.
“The company manager is ready to partner with local businesses in Kurdistan to supply transformers, cables, and electricity,” said Omid Ahmed, a spokesman for the Ministry of Electricity. He also mentioned that the manager is willing to conduct unpaid research on solar power projects in the mountains. Ahmed added that the Kurdistan Minister of Electricity is keen to support and facilitate the company’s projects in the region, and has outlined plans to attract major electricity companies to set up branches in Kurdistan.
The KRG has reported that many international companies have come to the region in recent years to work on various electricity projects. According to Omid Ahmed, spokesperson for the Kurdistan Ministry of Electricity, citizens receive 10 to 12 hours of national electricity each day. He noted that current demand is higher than production, especially from late August to early September, when electricity needs spike. Demand exceeds 5,500 megawatts while production is only about 3,500 megawatts. Ahmed also mentioned that the fuel supply limitation is also a barrier. Despite the government’s efforts to improve electricity access, many people and businesses are turning to solar energy, and a significant portion of Kurdistan now uses it in their homes. The electricity supply in Kurdistan comes from various sources, including refineries, large steam engines, and water sources in Dukan and Darbandikhan. The region’s demand for electricity is expected to continue growing in the future.
