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Iraq Gold Prices Hold at 1.12m IQD in Baghdad, Rise 12,000 IQD in Erbil

Gold prices held steady in Baghdad at 1.120 million IQD per mithqal, while Erbil recorded gains of 12,000 IQD. Traders reported balanced demand in...
HomeBusinessIraq Grants First Solar Power Investment License to TotalEnergies

Iraq Grants First Solar Power Investment License to TotalEnergies

Iraq’s National Investment Commission (NIC) has awarded its first solar power investment license for a 1,000 MW project to France’s TotalEnergies, marking a key milestone in the country’s push towards renewable energy.

NIC Chairman Dr. Haider Mohammed Makiyya confirmed that construction has started at the Ratawi (Artawi) oilfield in Basra, following the project’s financial closure. The 9,000-dunam facility will feature two million solar panels across four generation units.

The NIC is also finalizing the requirements for a second 1,000 MW solar license for an Emirati company, with planned projects in southern and western Iraq.