Debt of over $ 4 billion worsens Kurdistan’s electricity problems

The Duhok gas power station. (Photo credit: Mass Group)

ERBIL – The semi-autonomous regional government of Iraqi Kurdistan (KRG) has accumulated nearly $ 5 billion in debt to power producers – a major factor complicating efforts to improve electricity service and attract investment.

The largest debt is over $ 4 billion owed to Mass Group, an Amman-based company owned by prominent Iraqi-Kurdish businessman Ahmad Ismail Saleh, which operates three power plants in the Kurdistan provinces. of Dohuk, Erbil and Sulaimaniya as well as the Bismaya power station. in Baghdad. The amount of the unpaid debt was confirmed both by an official of the KRG Ministry of Electricity and by an official from the industry.

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Iraq Oil Report attribution policy

All sources cited or referenced have spoken to Iraq Oil Report directly and exclusively, unless otherwise specified. Iraq Oil Report generally grants anonymity to sources who cannot speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and that is important to the essential story. We do not provide anonymity to sources whose purpose is to promote personal or political agendas.

Iraq Oil returns commitment to independence

Iraq Oil Report strives to provide carefully verified reports and unbiased analysis that enables readers to understand dynamic events in Iraq. To achieve this goal, we always seek to gather first-hand information from the field, verify the facts from multiple angles, and solicit contributions from all stakeholders involved in a given story.

view our independence as an integral part of our competitive advantage. While many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is wholly owned by several of its employees. In an often polarized and politicized landscape, we are able to gather and corroborate information from an unusually wide range of sources because we can speak with each of them in good faith.

Funding this business, Iraq Oil Report depends on advertising and subscription revenues. Some of our advertisers and subscribers – including businesses, governments and NGOs – are also the subject of our reports. In accordance with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes commercial considerations from editorial decision-making. When choosing which stories to report and how to write them, our readers always come first.


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