In a recent interview on Channel 24 Iraq, Mr. Shwan A. Ahmed, Member of IBBC’s Advisory Council, shared insights on the challenges and opportunities in Iraq’s energy sector, touching on areas of growth and the need for sustainable development to effectively leverage Iraq’s resources.

During the interview, Mr. Shwan elaborated on Iraq’s electricity shortage and the need to transition to clean energy sources. He emphasised the potential for hydroelectric power from Iraq’s rivers and water resources, citing key dams such as Dokan Dam, Mosul Dam, and Udheim Dam as critical sites for generating more electricity. He also explored the future of waste-to-energy technology, which involves converting waste into power. Though this technology can be expensive, Mr. Shwan explained that it offers significant benefits in terms of recycling, job creation, and environmental sustainability. He noted that a waste-to-energy plant currently under construction in Nahrawan will have a capacity of 80 MWh using about 3000 tons of waste per day, highlighting its potential to boost the country’s energy supply.

Mr. Shwan Aziz discussed the importance of reform, investment, and international cooperation to help Iraq’s energy sector reach its potential. He pointed out the challenges faced by the Iraqi private sector, noting that it is not being allowed to participate in the economy to the extent it should due to corruption and security issues, including the influence of armed groups, and delays in government payments to companies, which present significant barriers preventing the private sector from fully contributing to the country’s economic growth.

To conclude, Mr. Shwan expressed his optimism and confidence in the private sector’s ability to adapt and succeed, especially in advanced energy projects, potentially outperforming the public sector if given the opportunity.

A segment of the discussion is available here, and for those interested in watching the full video of the program, please follow the link below for in-depth coverage.

October 18, 2024 – London and Baghdad