Director IBAKH and CEO INOVA, in front of the Ministry of Electricity, Baghdad, May 03, 2011, 350 MW Diesel Power Plant Project (Finance and Investment Advisory Meeting).
Following new strategy to penetrate the Middle-East market, specifically in the Energy sector, IBAKH and its partner INOVA (UAE) have successfully paved the way for new business through fruitful discussions and negotiations of agreements in principle with the Ministry of Electricity and the National Investment Commission in Baghdad. IBAKH and INOVA will team up for future projects in Iraq by providing EPC services (IBAKH) and funding (INOVA) for temporary, brownfield, rehabilitation and green field energy projects. Both IBAKH and INOVA will take advantage of their vast networks in the Middle-East and Europe.