Sunday, August 18, 2024
"FOR THE REFORMS!!!" BY FRANK26, 18 AUGUST
KTFA
FRANK26: "FOR THE REFORMS!!!".........F26
Al-Sudani announces readiness to launch the "largest" electricity production project in Iraq
8/15/2024
Prime Minister Mohammed Shia al-Sudani announced on Thursday that his government is ready to launch the "largest" electricity production in Iraq at a rate of 10,000 megawatts.
Al-Sudani said in a speech during the ceremony to launch the executive works of the projects of three power stations in Karbala Governorate, that this project is a strategic project in electrical energy, which will be implemented according to a new economic model and a new vision that will be announced to the private sector, after it has been studied by a team of consultants specializing in electricity.
He stressed that the stability of energy sources is an encouraging factor for investment and development, and pushes for the development of sources of income by activating all other economic sectors, in addition to the ongoing work to improve the transportation and distribution sector, to deliver electricity service in a sustainable manner to the citizen, without it being a burden on the state and its financial budget.
Al-Sudani also pointed out that the combined cycle projects and solar energy projects are part of the government's plans to reform the electricity system, indicating that the launch of the solar energy project in Karbala and Babylon will continue with the rest of the governorates, which is happening for the first time in Iraq.
He stressed the importance of supporting the private sector, which represents a support for the government in facing crises, emphasizing the special nature of Karbala Governorate, which is visited by millions of visitors throughout the year from inside and outside Iraq.
The three projects launched by Al-Sudani in Karbala are: the combined cycle of the Karbala gas station with a capacity of (132 megawatts), the Karbala investment solar energy station with a capacity of (300 megawatts), and the Karbala secondary transformer station, 400 KV, with a capacity of (1500 megawatts).
It is worth noting that the three station projects will achieve an increase in the production of electrical energy, as the combined cycle of the Karbala gas station contributes to adding (132) megawatts to the currently operating station, with a total design capacity of (250) megawatts, while the Karbala solar energy investment station project is one of several important contracts concluded by the government in the field of renewable energy projects with a number of specialized international companies, including signing a contract to implement a solar energy station with a private sector company with a capacity of (300) megawatts.
As for the Karbala Banks Secondary Station 400 KV, with a capacity of (1500) megawatts, it is being implemented within the second phase of the electrical energy transmission projects, under the contract with the German company Siemens, and is the first transformer station of its kind in Karbala, and will contribute to relieving bottlenecks in the network, thus raising the level of stability and meeting the needs of the various sectors in the Middle Euphrates region.
SUMMARY OF RECENT POSTS OF FRANK26, 18 AUGUST
Frank26
Question: "How long do you think the US Treasury will be in Iraq? Are they staying to see the finish?"
IMO yes.
Question: "As far as the training videos, are there any more subjects remaining with the RI and monetary reform that the Iraqi have not seen?"
Yes. Right now they're teaching them about the float. They hadn't seen that up until two days ago.
CBI document released [Sunday] This is good. What is the reason why we don't have the monetary reform?Sudani is working with the United States Treasury. IMO the Untied States Treasury is sitting in the seat of the governor of the CBI where Alaq normally sits... I find this to be a catalyst to see the Untied States Treasury there. I'm very excited about what's going on...
Frank26
The United States Treasury, Federal Reserve, they showed up...What do you think that means? You think they're going to sit there and allow them to be lackadaisical, to be lazy, just to take your time? No. The Untied States of America works on a nano second...I find it very encouraging to speed up the monetary reform process.
"THE CBI PREPARES FOR THE MONETARY REFORM & THE FLOAT" BY FRANK26, 18 AUGUST
KTFA
FRANK26: "THE CBI PREPARES FOR THE MONETARY REFORM & THE FLOAT".........F26
The Central Bank sponsors a meeting to establish a national company to manage electronic payment systems in Iraq
August 14, 2024
During the meeting, the importance of regulating electronic payment operations, keeping pace with rapid technological developments, and creating competitive payments that provide secure, reliable, easy-to-access, and widely interoperable payment services, as well as rapid response and high flexibility to technical and regulatory changes, were discussed.
The meeting reviewed the company's main objectives and the special requirements for starting the establishment, as it will undertake the tasks of managing, operating, and developing some of the central and basic electronic payment systems at the national level.
This step came in line with the strategic plan of this bank, which goes hand in hand with the government program in the field of electronic payment and its development in Iraq.
Media Office
August 14, 2024
TIDBITS OF MARKZ, 18 AUGUST
MARKZ