Agreement signed to add 11 gigawatts of power generation capacity in four years
Siemens and the Ministry of Electricity of the Republic of Iraq have entered a milestone agreement to seek the implementation of the company's roadmap for repowering Iraq.
Joe Kaeser, President and CEO of Siemens AG, and Qasim Al-Fahdawi, Minister of Electricity, signed a Memorandum of Understanding (MoU) which will examine a series of short, medium and long-term plans to meet the reconstruction goals of Iraq and support the country’s economic development.
Joe Kaeser said: "Our commitment to the Iraqi people stands strong. We promised them to achieve affordable and reliable power supply, help with anti-corruption, build schools and hospitals and create thousands of jobs.
“Education, training and developing local skills and talent are key elements for us to contribute to building the new Iraq.
“Today's agreement on the Siemens roadmap is a significant step towards fulfilling that promise.
"We are ready to start and look forward to working closely with the Iraqi government to immediately produce noticeable improvements for the Iraqi people."
In September, Siemens announced the donation of a smart health clinic that would be powered by solar energy and equipped with Siemens medical devices.
The clinic would have the capacity to treat up to 10,000 patients per year.
This was in addition to pledging to fund the first modular "School of the Future" in Iraq, provide a US$60 million software grant for universities in the country, and train more than 1,000 Iraqis in vocational education.
Under the "Roadmap for the Electrification of the New Iraq", Siemens is ready to add 11 gigawatts (GW) of power generation capacity over four years to ensure 23 million Iraqis across the country have reliable and sustainable electricity 24/7.