Latest news with #energyProject
Zawya
03-07-2025
- Business
- Zawya
Jordan to quadruple power supply to Iraq in August
Jordan has confirmed that a project to nearly quadruple power supplies to nearby Iraq will be ready in August within Phase 2 of their electricity grid connection. Iraq, which is suffering from a persistent power shortage, was buying around 40 MW in the first quarter of 2024 when phase 1 of the project was finished. Almost 99 percent of the project inside Iraq's territory is complete and the facilities will be fully ready in August, according to a top executive of of Jordan's National Electric Power Company (NEPCO). 'The plan is moving as per schedule….at the end of August, we will be able to supply 150 MW of electricity to Iraq…supplies could be gradually increased to 500 MW,' said Sufian Al-Batayneh, General Manager of NEPCO. Writing in the Company's 2024 report published on its website this week, Al-Batayheh said the link-up project with Iraq was launched in 2022 with the aim of tackling the Arab country's power shortages caused by lack of maintenance and gas supply from Iran. He did not mention when the three-phase project would be completed but officials said in 2024 that Jordan could supply Iraq with 500 MW within three years. Jordan is also planning to connect its power network with that of Saudi Arabia for exchange of power supplies in emergency and securing electricity for remote border areas in both countries. 'We have completed technical and economic studies for the connection with Saudi Arabia…we are now preparing the agreements that will be signed between the two countries for the launching of this strategic project,' Al-Batayneh said. Locked in a post-conflict reconstruction of its facilities, Iraq also receives electricity from Turkey and is completing an interconnection with the six-nation Gulf Cooperation Council (GCC) through neighboring Kuwait. (Writing by Nadim Kawach; Editing by Anoop Menon) (
E&E News
05-06-2025
- Business
- E&E News
Alaska LNG project developer touts $115B of global interest
A major natural gas project in Alaska has attracted more than $115 billion of interest from companies around the world, its lead developer said this week — but no specific deals were announced. Glenfarne Group, the majority owner of the planned Alaska LNG project, said the potential contract value covers everything from investments and customer agreements to services and equipment and materials. More than 50 companies that 'formally' voiced interest were from Japan, Taiwan, Thailand, Korea, India, the U.S. and the European Union, according to Glenfarne. 'The many expressions of interest received reinforce that the market recognizes Alaska LNG's advantaged economics, fully permitted status, and powerful federal, state, and local support,' Glenfarne CEO Brendan Duval said in a news release. Advertisement Glenfarne took primary control of developing the Alaska LNG project earlier this year, a move intended to jump-start a project that has yet to start construction despite years of effort. The proposal — pegged most recently at $44 billion — includes an 807-mile, 42-inch diameter pipeline that would connect the northernmost part of Alaska with the south-central part of the state as well as a planned liquefaction facility.
