ONEX Achieves 1,250MW Power Capacity with Completion of 250MW CCGT Expansion

Date: June 1, 2024

Bazian, Kurdistan – ONEX Holding proudly announces the successful completion and commissioning of its 250MW Combined Cycle Gas Turbine (CCGT) expansion, bringing the company’s total power generation capacity to 1,250MW. This milestone cements ONEX’s position as the second-largest private Independent Power Producer (IPP) in Kurdistan, Iraq.

A Major Step in Iraq’s Power Infrastructure

The completion of this 250MW CCGT add-on enhances the efficiency and sustainability of ONEX’s existing power plant. By integrating the latest GE 9E.03 gas turbines with a combined cycle configuration, the plant now achieves significantly higher energy efficiency while reducing environmental impact.

This expansion allows ONEX to supply electricity to approximately 1.5 million homes, further solidifying its role as a critical contributor to Iraq’s energy security and economic development.

Commitment to Advanced Technology & Sustainability

By incorporating GE’s world-class turbine technology, ONEX has significantly improved fuel efficiency and reduced carbon emissions, aligning with global best practices in power generation. The 9E.03 turbines now operate in a highly efficient combined cycle mode, converting waste heat into additional power output, ensuring optimal resource utilization and in addition to 55% combined cycle efficiency .

Furthermore, the plant continues to utilize natural gas from the Khor More gas field, reinforcing ONEX’s commitment to cleaner, more sustainable energy sources and reducing reliance on liquid fuels.

ONEX: Powering Iraq’s Growth

With a total installed capacity of 1,250MW, ONEX now generates 40% of Kurdistan’s electricity supply and contributes 10% of Iraq’s total power generation. As Iraq’s demand for electricity continues to grow, ONEX remains at the forefront, delivering reliable, efficient, and sustainable power solutions.

Future Outlook

This achievement is a testament to ONEX’s long-term vision to expand Iraq’s power infrastructure through strategic investments and technological advancements. The company remains dedicated to fostering partnerships that drive economic growth, energy security, and industrial development in the region.

For more information about ONEX Holding and its energy projects, please visit www.onexholding.com.