View Full Version : Basra Approves $216m Power Projects

Investors Iraq News
03-15-2015, 10:51 AM
By John Lee.
Basra governorate has reportedly approved 60 new power projects valued at a total of $218 million (255 billion Iraqi dinars) within its 2015 budget.
The projects were given the green light at an emergency meeting of the governing council* on Monday, and were less than fewer than desired because of budget constraints.
Emirates 24|7 quotes a Basra official as saying that the governorate, Iraq’s wealthiest province, approved a budget of about 4.3 trillion dinars (3.6 billion dollars) for 2015, but was allocated only 1.3 trillion dinars (1.11 billion dollars) by Baghdad due to lower oil prices and soaring military spending.
(Source: Emirates 24|7)
(Electricity image (http://www.shutterstock.com) via Shutterstock)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2015/03/15/basra-approves-216m-power-projects/)

Post your commentary below.