"The ship will provide much-needed electricity for the city," Yildiz said at a press conference in Baghdad with his counterpart from Iraq.
"Basra currently has about 250 megawatts of electricity production capacity. The Turkish power ship will add 410 megawatts more," he said.
On the subject of exporting oil from Iraq, Yildiz said: "We wish the Kirkuk–Ceyhan Oil Pipeline to operate at full capacity."
The Iraqi Minister of Oil Adil Abdul-Mahdi said that the government will increase the crude oil delivery to Turkey's Ceyhan port via pipeline to around 600 million barrels per day by April .
"Turkey contributes to Iraq's development with investments in various sectors," he said. "We would like to thank Turkey for its support."
Yildiz insisted that Turkey will continue to support Iraq and will increase humanitarian aid to the country.
During the 17th Turkey-Iraq Joint Economic Commission meeting in Baghdad, the two sides made a range of agreements on energy and trade.
Turkey-based Karadeniz Holding is the developer, owner and operator of a fleet of power ships with an overall capacity of more than 1,100 megawatts. It currently has ships in Iraq, Lebanon, Pakistan, Dubai and Ghana.
A power ship is a special purpose naval vessel that generates electricity.