Florida to get US Finance for Iraq Power

· The principal Supplier is Stellar Energy Americas Incorporated of Jacksonville, Florida. The lender is J.P. Morgan Chase Bank NA.

[ABS News Service/12.08.2024]

The US Export-Import Bank has received an application for final commitment for a long-term loan or financial guarantee in excess of $100 million to continue the refurbishment of Iraq's power generation capacity.

Engineering, procurement, construction, design and training services are to be provided for the conversion of the existing Kirkuk simple cycle power plant to a combined cycle power plant.

Once completed, the combined cycle power plant will increase the production of power by 285 MW or 50 percent and increase plant fuel efficiency by 17 percent. Because of the increased production of electricity, the project will result in a 31.2 percent reduction in greenhouse gas emissions per MWh of electricity generated.

The principal Supplier is Stellar Energy Americas Incorporated of Jacksonville, Florida. The lender is J.P. Morgan Chase Bank NA.