Kar Electrical Power Production Trading FZE
Under Investment Licenses No. (79/2016M) and (80/2016), KAR Electric Power Production Trading FZE (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 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.
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.
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.
