GE Energy signs $ 3 bn power generation deal with Iraq

GE Energy said it signed an agreement with Iraq's Ministry of Electricity to supply power generation equipment and services valued at nearly $ 3 bn.
Under the agreement, GE Energy said it will provide heavy-duty frame 9E multi-fuel gas turbines capable of supplying 7,000 MW.

The Atlanta-based company said the Iraqi government plans to install the units at key sites around the country to provide needed support for the electricity grid.
"We are honoured that the government of Iraq has chosen GE to support its efforts to expand the country's energy infrastructure," John Krenicki, GE vice chairman and president and CEO of GE Energy, said.

GE Energy said Iraq's daily power generation output currently averages less than 6,000 MW, while the demand is typically more than 10,000 MW. The company said the latest agreement follows Iraq's May order for eight GE gas turbines capable of generating 600 MW to meet short-term power requirements.
Under the new agreement, GE Energy also said it will provide technical advisory services, performance testing and spare parts to support the operation of the turbines. In addition, the company will provide technical and management training to help Iraq strengthen its power sector workforce.