Iraq, UAE Sign Contract to Build 5 Solar Power Stations

FILE: Solar installers from Baker Electric place solar panels on the roof of a residential home in Scripps Ranch, San Diego, California, US October 14, 2016. REUTERS/Mike Blake/File Photo
FILE: Solar installers from Baker Electric place solar panels on the roof of a residential home in Scripps Ranch, San Diego, California, US October 14, 2016. REUTERS/Mike Blake/File Photo
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Iraq, UAE Sign Contract to Build 5 Solar Power Stations

FILE: Solar installers from Baker Electric place solar panels on the roof of a residential home in Scripps Ranch, San Diego, California, US October 14, 2016. REUTERS/Mike Blake/File Photo
FILE: Solar installers from Baker Electric place solar panels on the roof of a residential home in Scripps Ranch, San Diego, California, US October 14, 2016. REUTERS/Mike Blake/File Photo

Iraq has signed a contract with a United Arab Emirates-based renewable energy developer to build five solar power plants in the oil-rich country with a chronic energy problem, the company said Thursday.

The signing took place in Baghdad Wednesday between Iraqi officials and the chief executive officer of Masdar, in the presence of Iraqi Prime Minister Mustafa al-Kadhimi.

The agreement calls for the plants - with a combined capacity of 1,000 megawatts - would be developed in the provinces of Dhi Qar in southern Iraq, Ramadi in central Iraq, Mosul in the north and Amarah in the southeast, Masdar said, The Associated Press reported.

“This step is the first practical stage taken by the (Iraqi) government to rely on alternative, clean and renewable energies in the production of electrical energy, and to meet Iraq’s energy needs,” an Iraqi statement posted on the state-run news agency INA said late Wednesday.

Iraq hopes the agreement would help mitigate its energy supply gap. The country is a major oil producer with plentiful energy resources, but Iraq suffers daily power outages across the country due to rampant corruption, an aging grid and other technical issues.



China Autos Group 'Strongly Dissatisfied' with EU Anti-subsidy Tariffs

Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights
Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights
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China Autos Group 'Strongly Dissatisfied' with EU Anti-subsidy Tariffs

Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights
Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights

The China Association of Automobile Manufacturers (CAAM) is "strongly dissatisfied" with anti-subsidy tariffs proposed by the European Union, the industry group said in a statement on Saturday.

Manufacturers had cooperated with the European Commission's investigation into Chinese subsidies, but the inquiry had ignored the facts and preselected results, CAAM said in a post on the Chinese messaging app WeChat, Reuters reported.

The EU imposed tariffs of up to 37.6% on imports of electric vehicles made in China from Friday, with a four-month window during which the tariffs are provisional with intensive talks expected between the two sides.

"CAAM deeply regrets this and holds it firmly unacceptable," it said.

The provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what European Commission President Ursula von der Leyen said is a threatened flood of cheap Chinese electric vehicles built with state subsidies.

The EU anti-subsidy investigation has nearly four months to run.