Iraq Nears Deal for Massive 1-GW Solar Project

• Iraq's Ministry of Electricity is set to sign a contract with ACWA Power Co for a 1-GW solar project in Najaf Governorate, following a year-long delay and rumors. The Council of Ministers has approved the project, bringing it one step closer to fruition.

Iraq's Ministry of Electricity is on the verge of finalizing a contract with ACWA Power Co, a Saudi electricity producer and water desalination company, for the development of a 1-GW solar project in Najaf Governorate. After a year-long delay, all contract requirements have been completed and obstacles have been overcome. The Council of Ministers has approved the implementation of the project, and the signing of the final contract is expected to take place soon. Rumors about the project have been circulating for over a year.

The contract between Iraq's Ministry of Electricity and ACWA Power Co for the 1-GW solar project in Najaf Governorate is close to being signed. The two parties recently held a meeting to discuss the necessary steps for concluding the contract. The Council of Ministers has given the go-ahead for the project, and the signing of the final contract is imminent. This development comes after a year-long delay and rumors about the project have been circulating for quite some time.

Is the contract for Iraq's 1-GW solar project in Najaf Governorate about to be signed?

• The contract for Iraq's 1-GW solar project in Najaf Governorate is on the verge of being signed between Iraq's Ministry of Electricity and ACWA Power Co.
• After a year-long delay, all contract requirements have been completed and obstacles have been overcome.
• The Council of Ministers has approved the implementation of the project, indicating strong government support.
• The recent meeting between the Ministry of Electricity and ACWA Power Co suggests that the final contract is in its final stages of negotiation.
• The signing of the contract is expected to take place soon, marking a significant milestone for the project.
• Rumors about the project have been circulating for over a year, indicating the high level of interest and anticipation surrounding it.
• The 1-GW solar project in Najaf Governorate is expected to contribute significantly to Iraq's renewable energy goals and reduce its reliance on fossil fuels.
• ACWA Power Co, a Saudi electricity producer and water desalination company, brings expertise and experience in the renewable energy sector, making them a suitable partner for the project.
• The project is expected to create job opportunities and stimulate economic growth in the region.
• Once operational, the solar project will contribute to reducing carbon emissions and mitigating the impact of climate change in Iraq.