Iraq Launches Construction of Yusifiyah 1,400MW Power Plant

Prime Minister Mohammed S. Al-Sudani launched construction on Wednesday for the Yusifiyah Thermal Power Plant, a key investment project with a total capacity of 1,400 megawatts. The project, which had been stalled since 1990, is part of Iraq’s plan to strengthen its national electricity grid and expand energy production to meet growing demand.

Speaking at the launch, the Prime Minister highlighted the government’s efforts to modernise and expand the electricity sector. He emphasised the importance of completing the full energy cycle, from production and consumption to revenue collection, noting that this approach will ensure sustainable growth and financial efficiency.

The government has introduced an investment-focused financial model to correct shortcomings in previous contracts, attract new investors, and achieve cost reductions, saving up to 43% compared with earlier agreements.   

Al-Sudani also announced a 20-year plan to add 57,000 megawatts to the national grid in partnership with Siemens Energy and GE, which will include renewable and solar energy sources. Long-term maintenance plans have been established to ensure a stable energy supply for both residential and industrial needs.

The Yusifiyah plant is expected to play a pivotal role in securing reliable electricity across Iraq and reflects the government’s commitment to modernising the energy sector, attracting investment, and meeting the needs of citizens and businesses nationwide.