Middle East Economic Survey

VOL. XLIX

No 51

18-Dec-2006

IRAQ

World Bank Loan For Urgent Kurdistan Power Repairs

The World Bank on 12 December approved a $40mn loan (grace period 10 years, maturity 35 years) to finance urgent repairs of two hydroelectric power stations in the Kurdistan region of northern Iraq and prepare for their subsequent rehabilitation. The power stations are at Dokan and Derbandikhan. The rehabilitation project will see capacity at the two plants restored eventually to 400mw...