Turkish floating power plant operator Karpowership has signed a short-term agreement to supply up to 590 MW of electricity to Iraq to help stabilise the national grid. The contract, signed with the Iraqi government, will last 71 days. Two floating power plants (multi-fuel ships) are set to dock at the Khor Al Zubair and Umm Qasr ports in Basra (Iraq) and are expected to become operational in August 2025.
Although Iraq held 27 GW of electricity capacity in 2024, national demand reached 48 GW, underscoring a persistent supply gap. In July 2025, several Iraqi power plants shut down due to a sharp decline in gas imports from Iran, resulting in a loss of 3.8 GW. Gas supply dropped from the agreed 55 mcm/d to around 25 mcm/d, disrupting operations at multiple facilities.
To reduce reliance on imported fuel and enhance energy security, the government is prioritising the development of domestic energy sources. In April and May 2025, Iraq’s Ministry of Electricity signed major agreements with GE Vernova (24 GW) and Siemens Energy (14 GW) to build a combined 38 GW of new gas-fired power generation capacity. In July 2025, TotalEnergies began construction on a 1 GW solar project in the Basra region.
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