Minister of electricity calls for new U.S. bank to finance projects through his ministry and boards

Posted by on Nov 07, 2013 | Leave a Comment

the new Iraqi Minister of Electricity Karim Al Aftan U.S. banks financing the electricity sector projects through the U.S. Embassy in Baghdad. The Minister of Electricity Karim Aftan engineer, he made a covenant at the same rate of advancement of electric power system in the country, expressing optimism about the future of the electricity sector.

This came during a meeting Aftan Ambassador James Jeffrey and his accompanying delegation, expressing his happiness on the cooperation of the U.S. side and support for the electricity sector through the American manufacturing companies like General Electric, which promise to his best interface for the United States of America, as well as praising the banks the U.S., calling on them finance sector projects electricity through the U.S. ambassador.

For his part, U.S. Ambassador Jeffrey expressed his country’s companies are ready to build specialized plants and processing. The minister Aftan need to move from the open circuit terminals in the steam into the closed loop with the help of U.S. companies are sober, the fact that this process will raise the productive capacity of these stations. The ambassador said the U.S. is ready U.S. companies to work on projects and the Ministry of Electricity to all forms of cooperation, whether direct payment or term, pointing out that the issue of payment term need to assign and support the Iraqi government, to provide adequate safeguards to reassure companies their dues within Iraq.

In response to the intervention of the U.S. ambassador on a number of studies that are presented with by a number of U.S. companies to the Ministry of Electricity, the Minister stressed the importance of the implementation of studies in the field and utilize them to be useless grateful at the same time all of the feet so studies to the Ministry to develop its work

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