With a value of $ 500 million with “General Electric” for gas energy to implement the operations of modernization, maintenance, and vital service for a number of electric power stations, it will enhance efficiency levels and help preserve more than 6 thousand megawatts of electric power.
An agreement worth $ 727 million with GE’s Network Solutions business unit to enhance the electric power transmission network in Iraq, improve its stability and connect it with the power grid in Jordan
General Electric is cooperating with a number of export credit agencies to secure more than one billion dollars to fund projects in the country.
Baghdad, Iraq / Washington, DC, USA: The Iraqi government has signed two new agreements with General Electric, as part of its continued focus on strengthening the country’s electric power infrastructure, and its deep keenness to meet the growing electric power needs, especially with They reach peak demand during the summer months.
General Electric has a historic and long-term partnership with Iraq, and is committed to meeting the country’s electrical energy needs, as the value of the agreements signed with the Iraqi Ministry of Electricity amounted to about $ 1.2 billion, in light of the efforts of both sides to lay the foundations for ambitious projects in the energy sector that contribute to securing energy resources. Reliable in various parts of the country and keep pace with the aspirations of the Iraqi people.
In this context, General Electric Gas Energy will undertake the implementation of contracts in the country amounting to half a billion dollars in order to improve and maintain the main power plants in Iraq, which are a vital pillar to maintain the generation of 6 thousand megawatts of electric power and enhance the operational efficiency of the network Transmission of electric power in Iraq and linking it with the power grid in Jordan, after signing a contract for the implementation of this project with a value of 727 million dollars.
In addition to implementing its mandated services, GE will also work closely with a number of export credit agencies to discuss securing more than $ 1 billion in financing for these projects.
In the presence of His Excellency the Prime Minister, Mr. Mustafa Al-Kazemi, and a group of officials in the governments of Iraq and the United States of America, the partnership agreements were signed by His Excellency the Iraqi Minister of Electricity, Majid Mahdi Al-Amara, and Mr. Michael Isho, Vice President and Chief Financial Officer of General Electric Gas Energy.
A well-defined business plan that will yield successful power generation
In this context, His Excellency the Iraqi Minister of Electricity, Eng. Majed Mahdi Al-Emara, said: “Our main focus is on ensuring the continuity of the electricity supply without interruption, especially in the summer months that witness peak demand for them to meet the needs of our people and various business fields. We have already launched a clear-cut business plan, and there is no doubt that the introduction of advanced technologies at the global level, especially those directed to modernize our electric power plants and ensure smooth and smooth operations, constitute major pillars of our strategy. The new agreements signed with General Electric have considered a pioneer in technologies Energy is an ideal choice to meet our requirements, and is based on the close partnership that brings us together to generate more electricity in the country. “
Scott Strazik, CEO of GE Gas Energy, said: “GE has a long-standing presence in Iraq, and we are working to fulfill our promises to the country and its people. During the past years, we have worked to continue the pace of project implementation and development and rebuilding the infrastructure of the At a time when the demand for electric power is rising with the increasing number of the population, and with the aim of supporting various sectors and establishing development projects in the country, we are working to identify areas of imbalance and fill the current gaps as a top priority. We thank the Iraqi government for the confidence it has placed “With regard to our capabilities to supply the necessary energy to the areas that need it in the country whenever needed, and there is no doubt that the new agreements will clearly contribute to laying the foundations of more reliable and robust infrastructure in the energy sector.”
Heiner Markov, CEO of Network Solutions at General Electric, said: “The importance of these agreements goes beyond the mere transmission of electric power in Iraq, as they lay the foundations of the necessary infrastructure for the country’s power transmission network and are found to advance the development and pave the way for Iraq to achieve the desired positive change in its various cities. We are very proud to be able to continue to support the growth of reliable and sustainable infrastructure for electric power in