We are providing electricity to over 1.5 million homes and making a significant contribution to Iraq's power deficit.
POWERING THE FUTURE
We continue to develop, build and operate power generation plants and also explore opportunities to further secure available power capacity from the international market in support of the country's objective of closing the current power shortages in Iraq and meeting future demand.
In addition, we are monitoring opportunities in emerging and developing markets like West Africa, North and Latin America.
750MW CCGT
Bazian, Kurdistan
Our plants are considered sustainable and generators of Green Energy by the European Commission
01
Bazian-I 750MW Power Plant
In 2016, we financed, built and commissioned our first 500MW Simple Cycle Power Plant in the Kurdistan Region of Iraq.
The plant is currently being expanded to 750MW Combined Cycle with Calik Energy carrying out the EPC and completion set for 2023.
02
Bazian-II 500MW Power Plant
In September 2021, we began the construction of our second 500MW Power Plant in Kurdistan, Iraq. The construction is undertaken by Calik Energy and the completion for the project is set for late 2022.
Bazian, Kurdistan
Our plants are considered sustainable and generators of Green Energy by the European Commission
500MW Simple Cycle
Bazian, Kurdistan
Our plants are considered sustainable and generators of Green Energy by the European Commission
03
2200MW Power Plant in Mexico
We acquired a minority stake in Saavi Energia in partnership with Global Infrastructure Partners and Mubadala Investment Company in 2021. Saavi is the 4th largest IPP in Mexico with over 11 energy facilities compromising of 6 CCGT, 1 GT, 1 Wind farm and 3 Compression Stations
We are committed to ensuring our investment approach targets and improves the quality and daily lives of the people where we are investing in
Stimulating Local Development
We have created over 3,000 jobs indirectly and continue to collaborate local businesses into our procurement and maintenance scopes.
1250MW
of Power
1000MW of power available as of Q4 2022. 250MW CCGT to be complete in Q4 2023.
Energy Security
We aim to reduce the power deficit in Iraq through our significant investments and bring a better quality of living to the people.
99% Plant Availability
We have a highly skilled O&M team managing our assets with long term service agreements with GE.
Environmental Initiative
Our projects are considered as generators of Green Energy by the European Commission and therefore considered as Sustainable
Our investments support the economic development in Iraq and KRI by attracting Foreign Direct Investments into Iraq.
GE, Deutsche Bank, Enka, Calik Enerji