GE Will Build 2 Power Plants in Iraq
GE Will Build 2 Power Plants in Iraq

GE Will Build 2 Power Plants in Iraq

GE Will Build 2 Power Plants in Iraq

Iraq signed a billion-dollar deal on Thursday with US firm General Electric for the construction of two power plants aimed at easing the country's long-running electricity woes, the prime minister's office said.
Under the deal, the power plants, each with a capacity of 750 megawatts, will be built in the provinces of Dhi Qar and Muthannah at a total cost of $1.05 billion, a statement from Haider al-Abadi's office said, AFP reported.
GE announced the deal earlier this month, saying it had secured more than $1.4 billion in orders to set up the two plants and provide upgrades and maintenance at others.
Iraq has struggled for years with major shortfalls in power production and electricity distribution problems.
This leaves many Iraqis with just a few hours of government-provided power per day, giving them the choice of supplementing it with generators or going without electricity in a country where temperatures can top 50 degrees Celsius in summer.
Abysmal services, widespread corruption and government posts being distributed along political and sectarian lines were the main factors that sparked anti-government protests starting in the summer of 2015.
The demonstrations, which have continued on and off for more than a year, led to many promises of change by Baghdad, but little in the way of concrete results.

Short URL : https://goo.gl/XfrRh2
  1. https://goo.gl/27xWCx
  • https://goo.gl/WSGOwm
  • https://goo.gl/xTTiwo
  • https://goo.gl/vniVEQ
  • https://goo.gl/s9RDxB

You can also read ...

Iran Petrochemical Revenues at  $5.5 Billion in Six Months
Iran exported $5.57 billion worth of petrochemical and polymer...
New projects at home come as Iranian firms aim to play a more active role in regional power projects.
In the face of tight state funding and financial pressure,...
NIORDC Priorities Outlined
Rehabilitating dilapidated refineries, completing the Persian...
Renewed worries over US sanctions against Iran also drew attention in the market.
Oil markets jumped on Monday as Iraqi forces entered the oil...
Gazprom Neft Slams Oil Cuts   Agreement
Russian energy firm Gazprom Neft is chafing at a global deal...
OPEC Sees Healthy Crude Demand Growth to 2022
Oil demand will grow at a healthy pace over the next five...
Asian Buyers Turn to US in Hunt for Cheap Oil
Asia is set to ramp up crude oil imports from the United...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.