Turkish energy company Kartet has revealed that it has entered into an agreement with the Kurdistan Region of Iraq to export electricity to the autonomous region
As part of the deal with the Kurdistan Regional Government (KRG), Kartet will supply 200MW of electricity a year to the Kurdistan Region of Iraq. The Turkish energy ministry had already given its consent to the deal.
Nuray Atacik, commercial relations head of Kartet?s parent company Karadeniz Holding, said, ?We have been in talks about this for a long time. The main target is to sell power to Mosul.?
Kartet used to supply electricity to Iraq between 2003 and 2008, but security issues and a payment row had reduced the sales.
The Kurdistan Region of Iraq has been frequently lauded for its power investments, which has seen more consistent supplies than any other part of the country.
Last year saw a flurry of activity in the sector, with a number of grid upgrade deals being announced, together with news of a new 640MW power station, and an upgrade to a plant in Erbil.