Iraq to spend USD 3 bn on a new power plant: The Iraqi government approved on Sunday a plan to establish a USD 3 bn unspecified energy facility in the southern governorate of Dhi Qar, according to a statement from the Iraqi News Agency. The government has not disclosed the energy source of the production plant or the timeline of the project. The plant would expand the province’s generational capacity by more than threefold to 3.85 GW from 850 MW, the statement notes.

China State Construction Engineering Corp (CSEC) and Korea’s SK Ecoplant are reportedly eyeing Egypt as a potential hub for green hydrogen projects, The Korea Herald reports. Both companies entered a partnership agreement to explore overseas hydrogen markets. SK Ecoplant will facilitate loans for the projects and provide CSEC with green hydrogen tech. CSEC will use its 77 country network to drum up business attraction for the partnership, the news outlet notes.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• Qatar will use EURO5 diesel fuel in all buses and trucks imported into the country from this year onwards. (The Peninsula)
• Oman’s oil company OQ will finance three projects to promote green spaces, support social engagement at a natural park and support first response for oil pollution by the Sultanate’s Environment Authority. (Muscat Daily)