REFERENCE CODE GDPE0781ICR | PUBLICATION DATE MAY 2015
IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND
COMPETITIVE LANDSCAPE
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IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Executive Summary
Iraq’s Power Sector Outlook
Iraq’s economic scenario is currently underscored
by worsening security conditions and political
instability. These are driven by insurgency, falling
global oil prices, and domestic political turmoil. Oil
exports, which are the principal revenue earner for
the government, remained relatively flat in 2014,
leading to negative growth that year. With the
residential sector accounting for the largest share
of power consumption, it was not affected by the
economic downturn, as shown in the following
figure.
Power Market, Iraq, Gross Domestic Product ($bn), and Annual Power Consumption (TWh), 2000–2014
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Ann
ual p
ower
con
sum
ptio
n (T
Wh)
GD
P ($
bn)
GDP (constant prices) Annual power consumption Source: GlobalData; IMF, 2014 GDP: Gross Domestic Product; TWh: Terawatt hour
Iraq’s annual power consumption increased from
XX TWh in 2000 to XX TWh in 2014 at a
Compound Annual Growth Rate (CAGR) of XX%
as a result of economic and population growth.
Generation increased during the same period from
XX TWh in 2000 to XX TWh in 2014, at a CAGR of
XX%. This growth consists almost entirely of
increased thermal generation, while renewable
generation is still in the nascent stages of
development.
Power Market, Iraq, Annual Power Consumption and Generation (TWh), 2000–2014
2000 2007 2014
Annu
al p
ower
con
sum
ptio
n an
d ge
nera
tion
(TW
h)
Annual power consumption Annual power generation Source: GlobalData, Power Database [Accessed on: May 4, 2015]
Thermal sources currently dominate Iraq’s power
mix with a XX% share of the total installed capacity
as of 2014, of which gas-based thermal capacity
accounted for XX% and oil-based capacity
accounted for XX%. The remaining XX% came
from hydropower.
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Table of Contents
IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
1 Table of Contents
1 Table of Contents ....................................................................................................................... 4
1.1 List of Tables ...................................................................................................................... 6
1.2 List of Figures ..................................................................................................................... 7
2 Introduction ................................................................................................................................. 8
2.1 GlobalData Report Guidance .............................................................................................. 9
3 Iraq, Power Market, Snapshot ................................................................................................... 10
3.1 Iraq, Power Market, Macroeconomic Factors .................................................................... 10
3.2 Iraq, Power Market, Supply Security ................................................................................. 12
3.3 Iraq, Power Market, Opportunities ..................................................................................... 13
3.4 Iraq, Power Market, Challenges ........................................................................................ 13
4 Iraq, Power Market, Market Analysis ......................................................................................... 15
4.1 Iraq, Power Market, Supply Structure ................................................................................ 15
4.2 Iraq, Power Market, Key Market Players ........................................................................... 15
4.3 Iraq, Power Market, Financial Deals .................................................................................. 16
4.3.1 Deal Volume and Value Analysis, 2004–April 2015 ....................................................... 16
4.4 Iraq, Power Market, Demand Structure ............................................................................. 17
4.4.1 Power Consumption by Sector, 2014 ............................................................................ 20
5 Iraq, Power Market, Regulatory Scenario.................................................................................. 21
5.1 Iraq, Power Market, Key Electricity Policies ...................................................................... 21
5.1.1 Electricity Master Plan to 2030 ...................................................................................... 21
5.1.2 Privatization Plans ......................................................................................................... 22
5.2 Iraq, Power Market, Renewable Energy Policy.................................................................. 23
5.3 Iraq, Power Market, Foreign Investment Scenario ............................................................. 23
5.3.1 Policies for Foreign Investment in the Power Market ..................................................... 23
6 Iraq, Power Market, Capacity and Generation Overview ........................................................... 25
6.1 Iraq, Power Market, Cumulative Installed Capacity by Fuel Type, 2014 ............................ 25
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6.2 Iraq, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2025 .................................................................................................................................. 26
6.2.1 Cumulative Installed Thermal Capacity and Annual Thermal Power Generation, 2000–2025 ............................................................................................................................. 29
6.2.2 Cumulative Hydropower Installed Capacity and Annual Hydropower Generation, 2000–2025 ............................................................................................................................. 33
6.2.3 Cumulative Installed Renewable Capacity and Annual Renewable Power Generation, 2000–2025 ................................................................................................................... 36
7 Iraq, Power Market, Transmission and Distribution Overview ................................................... 37
7.1 Iraq, Power Market, Transmission Overview ..................................................................... 37
7.1.1 Upcoming Domestic Interconnection Projects ............................................................... 38
7.2 Iraq, Power Market, Distribution Overview ........................................................................ 39
7.3 Iraq, Power Market, Grid Interconnection .......................................................................... 39
7.3.1 Planned Interconnections .............................................................................................. 39
7.3.2 Electricity Import and Export Trends, 2000–2014 .......................................................... 40
7.4 Iraq, Power Market, Electricity Trading .............................................................................. 41
8 Iraq, Power Market, Competitive Landscape: Snapshot of Leading Power Generating Companies ............................................................................................................................... 42
8.1 Key Company in the Iraq Power Market: Ministry of Electricity, Iraq .................................. 42
8.1.1 Company Overview ....................................................................................................... 42
8.1.2 Business Description ..................................................................................................... 42
8.1.3 SWOT Overview ........................................................................................................... 43
9 Appendix................................................................................................................................... 47
9.1 Market Definitions ............................................................................................................. 47
9.1.1 Power ............................................................................................................................ 47
9.1.2 Installed Capacity .......................................................................................................... 47
9.1.3 Electricity Generation .................................................................................................... 47
9.1.4 Electricity Consumption ................................................................................................. 47
9.1.5 Thermal Power Plant ..................................................................................................... 47
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9.1.6 Hydropower Plant .......................................................................................................... 47
9.1.7 Nuclear Power............................................................................................................... 47
9.1.8 Renewable Energy Resources ...................................................................................... 48
9.2 Abbreviations .................................................................................................................... 48
9.3 Bibliography ...................................................................................................................... 48
9.4 GlobalData’s Methodology ................................................................................................ 50
9.4.1 Coverage ...................................................................................................................... 50
9.4.2 Secondary Research and Analysis ................................................................................ 50
9.4.3 Primary Research and Analysis..................................................................................... 51
9.5 Disclaimer ......................................................................................................................... 52
1.1 List of Tables
Table 1: Power Market, Iraq, Gross Domestic Product ($bn), Population (million), and Annual Power
Consumption (TWh), 2000–2019 ................................................................................................. 12
Table 2: Power Market, Iraq, Deal Value ($bn) and Number of Deals, 2004–April 2015 ............................. 17
Table 3: Power Market, Iraq, Annual Power Consumption (TWh), 2000–2025 ........................................... 19
Table 4: Power Market, Iraq, Power Consumption by Sector (%), 2014 ..................................................... 20
Table 5: Power Market, Iraq, Master Plan Financial Requirements ($bn), 2014–2017 ................................ 22
Table 6: Power Market, Iraq, Cumulative Installed Capacity by Fuel Type (%), 2014 ................................. 25
Table 7: Power Market, Iraq, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh),
2000–2025 .................................................................................................................................. 28
Table 8: Power Market, Iraq, Leading Thermal Power Plants, 2015 ........................................................... 30
Table 9: Power Market, Iraq, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal
Power Generation (TWh), 2000–2025 ......................................................................................... 32
Table 10: Power Market, Iraq, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower
Generation (TWh), 2000–2025 .................................................................................................... 35
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IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Table 11: Power Market, Iraq, Growth of Transmission System (Ckm), 2000–2020 ..................................... 38
Table 12: Power Market, Iraq, Planned Interconnections by Capacity (MW) and Voltage (kV), 2014 ............ 39
Table 13: Power Market, Iraq, Electricity Imports (TWh), 2000–2014 ........................................................... 41
Table 14: Power Market, Iraq, Ministry of Electricity, Iraq, SWOT Profile, 2014 ............................................ 43
Table 15: Abbreviations .............................................................................................................................. 48
1.2 List of Figures
Figure 1: Power Market, Iraq, Gross Domestic Product ($bn), Population (million), and Annual Power
Consumption (TWh), 2000–2019 ................................................................................................. 11
Figure 2: Power Market, Iraq, Deal Value ($bn) and Number of Deals, 2004–April 2015 ............................. 16
Figure 3: Power Market, Iraq, Annual Power Consumption (TWh), 2000–2025 ........................................... 18
Figure 4: Power Market, Iraq, Power Consumption by Sector (%), 2014 ..................................................... 20
Figure 5: Power Market, Iraq, Cumulative Installed Capacity by Fuel Type (%), 2014 ................................. 25
Figure 6: Power Market, Iraq, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh),
2000–2025 .................................................................................................................................. 27
Figure 7: Power Market, Iraq, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal
Power Generation (TWh), 2000–2025 ......................................................................................... 31
Figure 8: Power Market, Iraq, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower
Generation (TWh), 2000–2025 .................................................................................................... 34
Figure 9: Power Market, Iraq, Electricity Imports (TWh), 2000–2014 ........................................................... 40
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IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Introduction
2 Introduction
Iraq’s economy is showing signs of improvement, supported by the growth of oil production in 2012
and by persistently high global oil prices. The state-dominated economy is highly dependent on the
oil economy, which accounts for more than XX% of the government’s revenue and XX% of foreign
exchange earnings (CIA, 2015).
Politically, Iraq has been a parliamentary democracy since the establishment of the constitution in
2005. Historically, it has been one of the most unstable countries in the Middle East. The Gulf War
in the 1990s and the subsequent US-led occupation have contributed to a current environment of
political and economic uncertainty. The US established a Coalition Provisional Authority in the
country, followed by an interim government. Despite these measures, the legitimacy of the current
Iraqi government remains under question.
Many of Iraq’s oil export facilities were destroyed in conflict in the 1980s. Since 2003, the
government has been trying to rebuild the economy in order to attract higher foreign investment. In
2010, the country signed an agreement with the International Monetary Fund (IMF) and the World
Bank in order to receive conditional aid programs and strengthen its economic institutions. Some
leaders in the country are pushing for the establishment of a national investment framework and a
number of modern legal frameworks (especially for the modernization of the oil sector).
The country’s Gross Domestic Product (GDP) increased at an average rate of XX% annually
between 2008 and 2012. There was a drastic decline in 2013, with the GDP growing at an
estimated XX% over 2012. The economy dived still more in 2014 with negative growth of XX%
(IMF, 2014).
Recent improvements to the security environment and inward foreign investment have acted as a
stimulus for Iraq’s economy, benefiting the energy, construction, and retail sectors in particular.
Broader economic development and improvement in the overall standard of living are factors that
will be dependent on further policy reforms. Overall, the increased purchasing capacity of the
population has resulted in a higher electricity demand, which has created a serious disparity
between supply and demand.
Over the years, conflict has destroyed many of Iraq’s power plants and transmission and
distribution systems, seriously compromising power supply and impeding significant investment in
the power sector. In 2003, Iraq embarked on a program for the reconstruction of its old power
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IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Introduction
plants and the construction of new ones, in order to meet the increased demand for electricity. The
country’s energy master plan from 2012 to 2017 has further boosted investment in the power
sector. A new energy strategy approved by the government in 2013 has a set a target for XX% of
total generation to be accounted for by renewables by 2030.
Iraq’s Ministry of Electricity is the single largest government body responsible for the generation,
transmission and distribution of electricity in the country. Established in 2003, it is responsible for
all of the country’s installed capacity.
2.1 GlobalData Report Guidance
The executive summary captures key growth trends in the Iraq power market.
Chapter three provides a snapshot of the key parameters affecting Iraq’s power sector, as well
as key points about the power market.
Chapter four provides power market analysis for Iraq.
Chapter five details the regulatory scenario of the power market and the inward foreign
investment scenario in the country.
Chapter six provides information on cumulative installed capacity and annual generation
trends, as a whole and by individual generation source.
Chapter seven describes the power transmission and distribution infrastructure in Iraq and
provides information on interconnectors with neighboring countries. The section also covers
electricity import and export and upcoming grid-related projects.
Note: all 2014 market numbers provided in the report are estimates, except where actual data was
available.
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IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Market Analysis
4.4.1 Power Consumption by Sector, 2014
The residential sector is the largest single power consumer in Iraq, accounting for an estimated
XX% of consumption as of 2014, followed by the industrial sector with XX%, and the commercial
sector with XX%. Other smaller consumers, including government offices and other public bodies,
accounted for the remaining XX% share.
Figure 4: Power Market, Iraq, Power Consumption by Sector (%), 2014
Residential
Industrial
Trade, commerce, and other services
Other
Source: GlobalData
Table 4: Power Market, Iraq, Power Consumption by Sector (%), 2014 Sector Consumption
Residential
Industrial
Trade, commerce, and other services
Other
Source: GlobalData
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IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Capacity and Generation Overview
6.2 Iraq, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2025
Cumulative power generation capacity in Iraq amounted to XX GW in 2000, increasing to XX GW in
2014 at a CAGR of XX%. This total is expected to further increase from XX GW in 2015 to XX GW
in 2025 at a CAGR of XX%.
Iraq’s electricity generation sources are currently hydropower and thermal power from gas and oil.
Most of its power generation infrastructure was destroyed in conflict leading up to 2003, and the
country has since been engaged in its reconstruction. The size of its thermal power capacity base
increased at a CAGR of XX% between 2000 and 2014, with the highest amount of growth
registered after 2007. Thermal power dominates its power mix, as the country is rich in
hydrocarbon reserves. This dominance is expected to continue during the forecast period.
Hydropower capacity has been constant and is not expected to register much growth during the
forecast period. In fact, GlobalData expects a dip in the utilization of hydropower capacity during
the forecast period, as the power generation potential of Iraq’s rivers is affected by the construction
of hydropower generation facilities in countries further upstream.
Annual power generation in Iraq amounted to XX TWh in 2000, increasing to XX TWh in 2014 at a
CAGR of XX%. It is expected to display the same trend as total capacity and increase from XX
TWh in 2015 to XX TWh in 2025 at a CAGR of XX%.
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IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Capacity and Generation Overview
Figure 6: Power Market, Iraq, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Ann
ual p
ower
gen
erat
ion
(TW
h)
Cum
ulat
ive
inst
alle
d ca
paci
ty (G
W)
Cumulative installed capacity Annual power generation Source: GlobalData, Power Database [Accessed on: April 30, 2015]
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IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Capacity and Generation Overview
Table 7: Power Market, Iraq, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2025
Year Cumulative installed capacity Annual power generation
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Source: GlobalData, Power Database [Accessed on: April 30, 2015]
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Appendix
IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9 Appendix
9.1 Market Definitions
9.1.1 Power
Power refers to the rate of production, transfer or energy use, usually related to electricity. It is
measured in Watts (W) and often expressed in kilowatts (kW) or Megawatts (MW). It is also known
as real power or active power.
9.1.2 Installed Capacity
Installed capacity refers to the generator’s nameplate capacity as stated by the manufacturer, or
the maximum rated output of a generator under given conditions. It is given in Megawatts (MW) on
a nameplate affixed to the generator.
9.1.3 Electricity Generation
Electricity generation refers to the process of generating electricity from other forms of energy. It
also refers to the amount of electricity produced, expressed in Gigawatt hours (GWh).
9.1.4 Electricity Consumption
Electricity consumption is the sum of electricity generated, plus imports, minus exports and
transmission and distribution losses. It is measured in Gigawatt hours (GWh).
9.1.5 Thermal Power Plant
A thermal power plant is a plant in which turbine generators are driven by burning fossil fuels.
9.1.6 Hydropower Plant
A hydropower plant is a plant in which the turbine generators are driven by falling water.
9.1.7 Nuclear Power
Nuclear power is the energy released from the fission of nuclear fuel in a reactor.
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Appendix
IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9.1.8 Renewable Energy Resources
Renewable energy resources are those that provide energy that is naturally replenished but limited
in the amount of energy available per unit of time. Biomass, geothermal, solar, small hydro and
wind are examples of renewable resources.
9.2 Abbreviations
Table 15: Abbreviations CAGR Compound Annual Growth Rate
CCGT Combined-Cycle Gas Turbine
CIA Central Intelligence Agency
Ckm Circuit kilometer
FiT Feed-in Tariff
GDP Gross Domestic Product
GW Gigawatt
IMF International Monetary Fund
IPP Independent Power Producer
kV kilovolt
MW Megawatt
NIC National Investment Commission
PV Photovoltaic
TWh Terawatt hour
Source: GlobalData
9.3 Bibliography
Al-Hayat (2013). Electricity Shortage Costs Iraq Economy $40 Billion a Year. Al-Monitor.
Available from: http://www.al-monitor.com/pulse/business/2013/09/iraq-oil-energy-crisis.html
[Accessed on: May 2, 2015].
BP (2014). BP Statistical Review of World Energy, June 2014 [database]. British Petroleum.
Available at: http://www.bp.com/content/dam/bp/excel/Energy-Economics/statistical-review-
2014/BP-Statistical_Review_of_world_energy_2014_workbook.xlsx [Accessed on: April 30,
2015].
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Appendix
IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
CIA (2007). Iraq Economic Data (1989-2003), Regime Finance and Procurement - Annex D.
Central Intelligence Agency. Available from: https://www.cia.gov/library/reports/general-reports-
1/iraq_wmd_2004/chap2_annxD.html [Accessed on: May 2, 2015].
CIA (2015). Iraq: The World Factbook. Central Intelligence Agency. Available from:
https://www.cia.gov/library/publications/the-world-factbook/geos/iz.html [Accessed on May 4,
2015].
Fletcher Forum (2013). An Interview with Dr. Samir Raouf. The Fletcher Forum. Available from:
http://www.fletcherforum.org/2013/12/27/raouf/ [Accessed on: May 2, 2015]
IEA (2012). Iraq Energy Outlook. International Energy Agency. Available from:
http://www.iea.org/publications/freepublications/publication/WEO_2012_Iraq_Energy_Outlook-
1.pdf
IMF (2014). World Economic Outlook Database, April 2013 [database]. International Monetary
Fund. Available at: http://www.imf.org/external/pubs/ft/weo/2014/02/weodata/index.aspx
[Accessed on May 4, 2015]
Larkin J (2011). Iraq and Kurdistan Electricity Masterplan – summary and recommendations.
Parsons Brinckerhoff. Available from:
http://core.theenergyexchange.co.uk/agile_assets/1513/1200_-_JEFF.pdf
MEED (2013). Iraq’s Big Plans for Renewable Energy. MEED via Iraq Business News.
Available from: http://www.iraq-businessnews.com/2013/03/27/iraqs-big-plans-for-renewable-
energy/ [Accessed on: May 1, 2015].
NEPCO (2013). Electricity Interconnection Projects. National Electric Power Company.
Available from: http://www.nepco.com.jo/en/electrical_interconnection_en.aspx [Accessed on:
May 2, 2015].
NIC (2013). The Role of Government in Electricity. Republic of Iraq National Investment
Commission. Available from: http://investpromo.gov.iq/wp-
content/uploads/2013/06/the_role_of_govt_electricity_sector_en.pdf
Ratcliffe, V (2012). Power generation a top priority in Iraq. MEED. Available from:
http://www.meed.com/supplements/2012/iraq-projects/power-generation-a-top-priority-in-
iraq/3129589.article [Accessed on: May 1, 2015]
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Appendix
IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
UNIDO and ICSHP (2013). World Small Hydropower Development Report 2013: Iraq. United
Nations Industrial Development Organization (UNIDO) and International Center on Small
Hydro Power (ICSHP). Available from:
http://www.smallhydroworld.org/fileadmin/user_upload/pdf/Asia_Western/WSHPDR_2013_Iraq
9.4 GlobalData’s Methodology
GlobalData’s dedicated research and analysis teams consist of experienced professionals with
advanced statistical expertise and marketing, market research and consulting backgrounds in the
energy industry.
GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and
Strategic and Competitive Intelligence Professionals (www.scip.org).
All of GlobalData’s databases are continuously updated and revised. The following methodology
has been followed for the collection and analysis of data presented in this report.
9.4.1 Coverage
This report covers Iraq’s power market, examining the market structure and providing historical and
providing generation, capacity and consumption forecasts until 2025. It also looks at the market’s
regulatory structure, import and export trends, competitive landscape and leading active and
upcoming power projects.
9.4.2 Secondary Research and Analysis
The capacity, generation and consumption data is collected and validated using a number of
secondary resources including but not limited to:
Government agencies, ministerial websites, industry associations, the World Bank and
statistical databases
Company websites, annual reports, financial reports, broker reports and investor presentations
Industry trade journals, market reports and other literature
GlobalData’s proprietary databases such as the Capacity and Generation Database, Power
Plant Database and Transmission and Distribution Database
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Appendix
IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Further to this, the following secondary information is collected and analyzed to project Iraq’s
power market scenario to 2025, analyzing factors such as:
Macro-economic scenario
Government regulations, policies and targets
Government and private sector investment
Contract and deal announcements
Utility expansion plans
The sector’s historic track record
Other qualitative insights built through secondary research and analysis of company websites,
annual reports, investor presentations, industry and trade journals, and data from industry
associations.
9.4.3 Primary Research and Analysis
Secondary research is further complemented through primary interviews with industry participants
to verify the market numbers obtained through secondary research and obtain first-hand
information on industry trends.
The participants are drawn from a diverse set of backgrounds, including equipment manufacturers,
industry associations, government bodies, utilities, distributors, and academia. The participants
include but are not limited to C-level executives, industry consultants, academic experts, business
development and sales managers, purchasing managers, plant managers, government officials
and industry spokespeople.
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Appendix
IRAQ POWER MARKET OUTLOOK TO 2025, UPDATE 2015 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9.5 Disclaimer
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any
form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior
permission of the publisher, GlobalData.
This report is a licensed product and should not to be reproduced without prior permission.