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GE to improve grid stability in Iraq through two agreements with Iraqi Ministry of Electricity
- 4 years ago (2020-08-21)
- David Flin
The Iraq Government has signed two new agreements with GE to strengthen the nation’s power infrastructure, particularly to meet requirements during peak summer demand. The two contracts are, together, valued at over $1.2 billion.
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GE Gas Power will undertake contracts valued at $500 million to upgrade and maintain key power plants in the country, and improve operational efficiency of 6000 MW of capacity. The service agreement is a Maintenance and Upgrade Programme between the Ministry of Electricity and GE Gas Power to execute the maintenance programme across multiple sites in Iraq. GE will deploy its latest technology at sites to be identified by the Ministry.
GE Grid Solutions has secured a contract valued at $727 million to reinforce Iraq’s transmission network and interconnection with the electricity grid of Jordan. This will contribute significantly to decongesting the grid and securing reliable power supply. GE will execute the design, supply, installation testing, and commissioning of high voltage substations and specific overhead transmission lines.
In addition to delivering the scope of the services, GE will also work with multiple export credit agencies regarding $1 billion of financing for the projects.