RIYADH: Iraq and GE Energy have signed an agreement for power generation equipment and services valued at nearly $3 billion. This was announced in Baghdad yesterday.
The agreement will provide much-needed electricity to support Iraq’s future economic development. The announcement is a significant milestone as the country seeks to rapidly develop its energy infrastructure and increase its electricity production.
Under the agreement, GE Energy is providing heavy-duty frame 9E multifuel gas turbines capable of supplying 7,000 megawatts (MW) of electricity. The Government of Iraq plans to install the units at key sites around the country to provide needed support for the electricity grid.
“We are honored that the Government of Iraq has chosen GE to support its efforts to expand the country’s energy infrastructure,” said John Krenicki, GE Vice Chairman and President and CEO of GE Energy.
As the world’s leading supplier of gas turbines, GE Energy is well positioned to help Iraq meet its future needs for reliable and stable power generation.