KEPPT Company
Kar Electrical Power Production Trading
Under Investment Licenses No. (79/2016M) and (80/2016), KAR Electric Power Production Trading (KEPPT) Company was granted approval by the Iraqi Council of Ministries in 2014 to undertake a 3,000 MW project.
This endeavour, facilitated by a memorandum of understanding with the Ministry of Electricity in 2015, is geared towards bolstering Iraq’s electricity sector through privatization and financing of power production ventures.
KEPPT has secured contracts with the Ministry of Electricity and the Commission of Investment to fund, design, construct, operate, and maintain these projects for a span of 17.5 years.
We are actively involved in investing, developing, and operating strategic projects, particularly in the power production, oil and gas, infrastructure development, project management, and commercial reactivation sectors across Iraq.
Our portfolio encompasses diverse projects throughout the country, aimed at revitalizing various areas. With a strong workforce of over 5,000 local employees, we are committed to making a significant contribution to the growth and progress of Iraq.
Our Vision
Our focus is on promoting innovation and entrepreneurship within the private sector while actively supporting the social development and economic growth of nations.
Our Mission
Our mission is to foster sustainable development and bring prosperity to our communities.
Our Values
KEPPT upholds integrity, innovation, and collaboration to drive sustainable growth and benefit communities.
Exploring KEPPT
KEPPT, which is a sister company of KAR Group that was established in 1999, has actively contributed to the Republic of Iraq’s efforts to enhance the energy sector.
Our investment value exceeds USD 12 billion, reflecting our unwavering dedication to achieving excellence and delivering measurable results. Recognizing the huge potential afforded by this policy shift, we have emerged as an essential participant in the energy business, pushing growth and leaving a lasting influence.
KEPPT’s Strategy
As we move forward, KEPPT Company remains committed to investing, developing, and operating within the energy sector. Through strategic co-investment, we maintain a high degree of control over the technical and operational aspects of our assets, ensuring optimal performance.
Our focus on long-term growth is driven by plant development, greenfield projects, and expanding existing plants, all of which play pivotal roles in driving our success.
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About Founder
“We are dedicated to advancing social and economic progress through the provision of clean, dependable, and environmentally sustainable energy solutions”
Sheikh Mahmood Al-Barzanji is one of Iraq’s most prominent business leaders, with over 30 years of expertise in economics and investment. Holding both a Master’s and a PhD in Business Administration, he has established himself as a distinguished figure in international cooperation, economic policy development, and institutional capacity building.
Currently, His Excellency serves as Partner and Vice-Chairman of the Board of Directors at KAR Investment Group. Under his visionary leadership, the group has emerged as a driving force behind Iraq’s economic growth, particularly in key sectors such as energy production, oil & gas, and engineering. His exceptional contributions to the business landscape have earned him recognition as a transformative leader in Iraq’s private sector.
Sheikh Mahmood’s unwavering commitment to excellence continues to inspire growth and innovation across Iraq, leaving a lasting legacy in the fields of economics and investment.
Business Principles
COMPREHENSIVE SOLUTIONS TAILORED TO FULFILL CUSTOMER NEEDS
By remaining impartial to fuel types and technology preferences, KEPPT provides the most efficient technical and financial asset delivery, along with operations and maintenance solutions, meeting customer needs at the lowest expense.
METICULOUS APPROACH TO PRICING FROM THE GROUND UP TO SECURE BIDS AT THE MOST COMPETITIVE RATES POSSIBLE
KEPPT implements a meticulous bottom-up pricing strategy aimed at maximizing ``value for money`` for buyers. This approach involves assigning risks to parties best equipped to mitigate or manage them, all while maintaining plant quality and service reliability.
OPEN AND AUTONOMOUS COLLABORATIONS WITH PARTNERS
KEPPT acknowledges the significance of fair partnerships and harmonious stakeholder connections in providing enduring utility solutions. The company steadfastly upholds its autonomy by engaging in contracts with other entities at arm's length basis.
ECONOMICAL FINANCING FRAMEWORK
KEPPT strives to adopt an ideal funding model for each project, utilizing limited recourse debt markets, capital markets, or bank loans. The objective is to minimize project funding costs and enhance the risk/return profile for shareholders.
TALENT CHARACTERIZED BY HIGH QUALITY, CULTURAL DIVERSITY, AND EMPOWERMENT
The company cultivates a talented and culturally diverse workforce, emphasizing quality and empowerment. It fosters entrepreneurship and leadership through an empowering culture and actively supports the growth of local talent.
DEDICATION TO SUSTAINABILITY, HEALTH, SAFETY, AND CORPORATE SOCIAL RESPONSIBILITY
A strong focus is put on social and economic development, achieved through maximizing local economic value retention, contributing to environmental sustainability, and prioritizing the health and safety of the company's workforce within the communities where it operates