Iraq readies plans to privatize electricity sector

Two of Iraq's many needs right now are more electricity and more investment. A law being drafted could satisfy both, paving the way for foreign and domestic private companies to build power plants, a step toward fully privatizing the electricity sector.

"It should be short coming," a senior U.S. official working in Baghdad on Iraq's electricity sector told United Press International on condition of anonymity on the sidelines of an Iraq energy conference.