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Siemens focuses on repowering Iraq

Sep 24, 2018
3 min read
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Siemens’ President and CEO Joe Kaeser met with Prime Minister of Iraq, Haider Al-Abadi, in Baghdad to discuss the company’s strategic roadmap for repowering Iraq, a series of short, medium and long-term plans designed to meet the reconstruction goals of Iraq and support the country’s economic development.

Under the “Roadmap for the Electrification of the New Iraq”, Siemens is ready to add 11 gigawatts (GW) of power generation capacity over four years to ensure 23 million Iraqis across the country have reliable and sustainable electricity 24/7. This would boost current generation capacity by almost 50 per cent. The economic viability of the plan is secured by billions of US dollars in potential fuel savings and revenue generation for the electricity sector, supporting the development of the future Iraq. The company also envisions the creation of tens of thousands of jobs over the course of the projects.

“Prime Minister Al-Abadi and I had a very constructive meeting where we discussed the comprehensive Siemens roadmap to build a better future for the Iraqi people,” said Joe Kaeser. “We made a promise to the Iraqi people and we want to make it happen. In Egypt, we have done the same and successfully built up the power infrastructure in record time with the highest efficiency. Our roadmap for Iraq can deliver uninterrupted electricity to people’s homes and entire cities; create thousands of jobs for the country’s youth; and support their education and skills development so they can contribute to the New Iraq.”

Siemens’ Iraq Roadmap outlines eight objectives to benefit the people of Iraq, the country’s national security and its economic development. These include reducing energy losses, introducing smart grids, strengthening the transmission grid, modernizing existing power plants, adding new generation capacities in deprived areas, connecting Iraq to the Arab Gulf region, putting Iraq’s national resources to work, and investing in its people. 

Modernising the country’s energy infrastructure is intended to be completed in stages, from immediate improvement for up to 300,000 people, which can be operational within three months, to medium and long-term projects that require between 10 and 24 months’ completion time and beyond. The company will also assist Iraq’s government in securing appropriate finance packages provided by international commercial banks, Export Credit Agencies and supported by the German Government.

The roadmap lays out plans to use Iraq’s valuable natural resources more efficiently by utilizing flare gas capture and treatment technologies to deliver a domestic source of fuel to Iraq’s power generation sector, as well as create a long-term source of revenue for the government to finance power generation, transmission, and distribution projects.

Modernising the country’s energy infrastructure is intended to be completed in stages, from immediate improvement for up to 300,000 people, which can be operational within three months, to medium and long-term projects that require between 10 and 24 months’ completion time and beyond. The company will also assist Iraq’s government in securing appropriate finance packages provided by international commercial banks, Export Credit Agencies and supported by the German Government.

The roadmap lays out plans to use Iraq’s valuable natural resources more efficiently by utilising flare gas capture and treatment technologies to deliver a domestic source of fuel to Iraq’s power generation sector, as well as create a long-term source of revenue for the government to finance power generation, transmission, and distribution projects.  

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