Qatari companies partner with Iraq on $9.5 billion worth of projects – Reuters

Qatari companies partner with Iraq on $9.5 billion worth of projects – Reuters

DOHA June 18 (Reuters) - Three Qatari companies and Iraq's National Investment Commission have agreed to develop $9.5 billion worth of projects in Iraq, including the construction of a pair of power plants that will generate a total of 2,400 megawatts, according to statements issued on Sunday.

UCC Holding and the investment commission on Thursday signed a 25-year public-private partnership linked to the two power plants, which will cost $2.5 billion to build, a statement issued by UCC Holding said.

The power plants will help reduce Iraq's reliance on neighbouring Iran for its energy needs.