The World Bank board has approved a US$40 million loan to the government of Iraq for rehabilitation of the 415-MW Dokan and 249-MW Derbandikhan hydroelectric projects.
The funding, which carries a grace period of 10 years and a maturity of 35 years, is to finance urgent repairs and to prepare for subsequent full rehabilitation of the dams. The projects, which require major rehabilitation due to neglect and damage from war, were built in 1975 and 1987 to serve the Iraq grid as peaking plants.
The government took expressions of interest in August from consultants to prepare for rehabilitation of the projects. (HNN 7/5/06) Iraq’s Kurdistan Regional Government plans to seek bids for equipment and dam safety work to rehabilitate the projects.
The leader of the bank’s project task team, Tjaarda Storm van Leeuwen, said the World Bank is working with Iraq’s Ministry of Energy to finalize the preparation of a second electricity project for bank financing.
For information, contact Kurdistan Regional Government, Ministry of Electricity, Minister Hoshyar A. Siwaily and Fatih Saeed Salih, General Directorate of Electricity Production, P.O. Box 388, Sulaymaniyah, Iraq; (964) 7-701580336; E-mail: firstname.lastname@example.org; email@example.com.