The main risk for hydropower plants at the in electricity market is the bidding energy risk induced by the uncertainty of inflow and marginal electricity price forecast.

The televised bidding, launched today at Baghdad's al-Rasheed hotel, marked the first time since 1972 that foreign energy companies had been allowed to consolidate their influence in Iraq.

Iraq is set to hold a second bidding round with global energy companies December 11-12 that ultimately could add millions of barrels of oil to Iraq's output.