...Every electricity minister since the 2003 U.S.-led invasion that toppled dictator Saddam Hussein has faced this daunting equation: Iraq should be able to produce over 30,000 megawatts of power, enough to meet current demand, but only about a half of that reaches consumers. Poor infrastructure, inappropriate fuel and theft account for 40%-60% of losses, among the highest rates in the world. In the more impoverished south, heat, urban expansion and illegal dwellings put even more pressure on the aging grid. Revenue collections are abysmal and subsidies astronomical. The ministry collects less than 10% of what it should in billings. In...