Iraq intends to invite investors for its first waste-to-energy project as part of post-war development plans, the official Iraqi News Agency said.

The National Investment Commission (NIC), Iraq’s top investment authority, will offer the project, which will be set up in Nahrawan district near the capital Baghdad.

The agency quoted NIC chairman Haidar Makkieh as saying the Authority is in the process of preparing final procedures to launch the project, which would be executed in line with international standards.

“This is a strategic project that will allow Iraq to benefit from waste in generating electricity to support its power system,” Makkieh said, adding it would be offered only to “serious” companies.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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