PROJECT

Projects

Summary of Investment Information

Project Number

37045

Company Name

Mass Global Energy Suleimanya

Date SPI Disclosed

Oct 14, 2015

Country

Iraq

Region

Middle East

Projected Board Date

Nov 19, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry INF MCT

Industry

Infrastructure

Previous Events

Approved : Dec 9, 2015
Signed : Jan 15, 2016
Invested : Feb 3, 2016

Sector

Gas - Thermal Power Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

Mass Global Energy Sulaymaniah Limited (the ”Company”) was established for the ownership and operation of the 1000 Megawatt (“MW”) open-cycle gas-fired (“OCGT”) Sulaymaniah independent power plant (“IPP”), with an ongoing 500MW steam turbine expansion to combined cycle (“CCGT”), located in Sulaymaniah in the Kurdish Region of Iraq (“KRI”).

The plant started operations in 2009, reaching a total capacity of 1000MW in August 2012. Natural gas is the main fuel, with diesel oil being the backup fuel. Revenues are supported by a long term power purchase agreement with the Kurdistan Regional Government’s Ministry of Electricity under a build, own, and operate model.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation