Major opportunities in Iraq's power sector
Conflict in the country has led to underinvestment in the power sector
War torn Iraq needs an additional 10,000MW of power, according to Parksons Brinckerhoff's Iraq country manager, Jeff Larkin.
In a presentation at the fourth annual Construction Week conference about working in the post-conflict country, Larkin explained that Iraq was suffering a huge power deficit due to 25 years of war and 12 years of sanctions – both of which have led to underinvestment.
Having worked on a number of power projects already, he said that the country had increased its power capacity since the 2003 levels of just 3,000MW, but was still unable to cope with a peak demand of 13,000MW.
In total, it is estimated that the country will need spend as much as US$27 billion on power projects, which officials hope to complete within six years.
"The main opportunities are in the power sector," Larkin said. "Our projects have certainly been power orientated."