Acwa Power has signed a deal with the Iraq Energy Institute (IEI), an independent non-profit policy institute.
The deal will see the two firms collaborate on research projects and enhance the capacity building programme, which will contribute to the development of Iraq’s energy sector.
The partnership will initiate dialog and knowledge sharing that will result in solutions targeting challenges that face the region. It will also elevate the private-public investor community in Iraq, the statement said.
The companies will work together on events, workshops and activities and exchange expertise from consultants and senior management, according to IEI managing director Yesar Al Maleki. He made the statement after signing the deal with Acwa Power business development manager Mohamed Fata Nahhas, in the presence of Acwa Power chairman Mohammad Abunayyan and IEI vice chairman Adnan Al Janabi.
“The signing of the MoU will certainly bridge to further alliances between Acwa Power and Iraqi energy players and is a robust start of a mutually beneficial relationship built on knowledge and exchange of energy proficiency between Saudi Arabia and Iraq – which we are proud to lead and are keen to further progress,” Abunayyan explained.
Acwa Power will also take a leading role in IEI’s future scholarship programmes. The programme will give Iraqi students the chance to progress and excel in the energy and water fields in cooperation with other governmental and non-governmental partners. The move is said to demonstrate the company’s commitment and role in nurturing young talent.