General Electric Wins $3 Billion Iraqi Power Deal

Dec. 16, 2008
GE Energy will provide multi-fuel gas turbines capable of supplying 7,000 megawatts of electricity.

General Electric Co. said on Dec. 16 it has been awarded a $3 billion power generation contract by war-wracked Iraq. "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, chief executive of GE Energy, the power generation arm of General Electric.

The Iraqi electricity ministry and GE Energy have signed an agreement for power generation equipment and services to support Iraq's future economic development, the company said.

Under the agreement, GE Energy will provide multi-fuel gas turbines capable of supplying 7,000 megawatts of electricity. There are 120 GE turbines already installed in Iraq.

The Iraqi government plans to install the units at key sites around the country to provide support for the electricity grid. Currently, Iraq's daily power generation output averages less than 6,000 megawatts, while the demand is typically more than 10,000 megawatts.

General Electric has been a major player in Iraq since 2003, when the United States invaded the country to overthrow Saddam Hussein. It has been supporting Iraq infrastructure needs in power generation, oil and gas, water processing, aviation and healthcare.

Copyright Agence France-Presse, 2008

Popular Sponsored Recommendations

How Can Manufacturers Adapt Field Service Today?

June 13, 2023
If you are looking for new sources of revenue and profit, your field service operation is a promising place to look. Learn how a new generation of field service tools and technologies...

Capitalize on Energy Flexibility with These Four Strategies

Feb. 4, 2024
Energy flexibility – the ability to temporarily reduce or shift energy use – can unlock revenue, lower energy costs, and more. Learn how to capitalize on energy flexibility with...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

5 Surprising Findings from OT Vulnerability Assessments

April 19, 2023
This white paper illuminates OT vulnerability assessment findings that may be unexpected or unanticipated, based on Honeywell team experience, to inform teams about the real-world...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!