The initial first phase of the Qaiwan Group‘s Barzian power plant in Iraq is on schedule to be commissioned in the second quarter of 2016.
“We are expecting the first phase of the power plant to be commissioned in April or May,” executive board member Fehmi Konyar said in an interview with MEED. “After it has been commissioned we will begin to discuss phase two with banks and contractors.”
The first phase of the gas-fired power plant will be simple cycle facility with capacity to produce 442MW. The second phase will convert the facility to a combined cycle power station, increasing its capacity to 662MW.
The project’s budget, including both phases, is $600m according to the project-tracking service MEED Projects.
Last week Qaiwan announced that it had secured two loans worth a total of $105m to help fund the development of the plant.