Investments - Power
Having successfully developed over 40% of Iraq’s power generation capacity, the Ministry of Electricity (MoE) entrusted SHG with the 1st Independent Power Producer (IPP) license in their stride towards privatizing the power sector.
SHG was granted a 3,000 MW Combined Cycle investment license backed by the 1st sovereign guarantee to be issued by the Government of Iraq.
This monumental project acted as a true vote in confidence in SHG’s capabilities, furthermore marked the 1st Export Credit Agency (ECA) financing for a private sector company in the history of the country.
Since its inception, SHG has been a foreword thing organization and introduced the notion of Build-Own-Operate (BOO) to provide a cost-effective power solution to the Samawa Cement Company.