Iraq allocates 130 million euros from the German loan of 500 million for electricity


The Ministry of Finance signed with the German Development Bank the first phase of the German loan of 500 million euros, of which 45 million euros were allocated to the Ministry of Electricity for the current year 2017 and 85 million euros for the next year 2017.
The official said that the loan was allocated to a number of ministries, the share of the Ministry of Electricity (130) million euros over the current year and the next, and the first part of the loan (45) million euros was allocated to cover the needs of liberated areas in the province of Nineveh for rehabilitation Transformational and secondary stations and lines in the transport and distribution sectors.
He explained that the second part of the loan, amounting to (85) million euros, was allocated to cover the needs of the provinces of Anbar, Salahuddin and Nineveh, materials for the sectors of transport and distribution. The teacher said that the purpose of this loan is to secure the return of displaced people from these provinces.

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