A wholly-owned unit of bilyonaryo Enrique Razon’s Prime Metro Power Holdings Corp. kicked off operations of a gas-fired power plant in Basra, Iraq with an initial capacity of 29.3 megawatts.
Prime Power Middle East’s power plant in Umm Qasr, Basar Governate, Iraq represents the first phase of a multi-phase development program aimed at providing up to 150 MW of power upon completion. Phase 2 is targeted to be launched in the last quarter of 2020.
“We are delighted to start our greenfield power plant in Umm Qasr Port. It is a testament to the potential of Iraq. Under a join operation framework with GCPI we were able to leverage the Basra Governorate’s natural gas resources to develop a first class state of the art facility that adds vital power generation infrastructure and services to state of Iraq.
We see this plant as the first phase of many as we continue to be long term investors in Iraq and to contribute to its economic and social development.” said Razon. Prime Power chairman and CEO.
Prime Power started discussions with the Iraqi government in 2016 amid the growing power shortages.
In spite of some of geopolitical and social challenges Iraq is going through, the plant was built within record time and ahead of schedule.