GE, Siemens Announce ‘Landmark’ Power Agreements With Iraq

Two of the biggest players in power generation say they are poised to step in to help Iraq strengthen its electrical infrastructure.

GE said it had signed principles of co-operation to add 14 GW of power generation capacity, with an immediate order for 1.5 GW to come into service next summer. On Saturday, Siemens signed what the company called a “landmark” agreement to supply Iraq with 11 GW of power generation over four years.

Neither agreement is a binding contract, but both companies are optimistic that larger deals are in the offing. The Iraq situation has been in flux for some time. Most observers believed Siemens had an advantage over GE in Iraq until recently, but the Trump administration put pressure on the country’s government to award more business to U.S.-based GE. Taking no chances, Siemens CEO Joe Kaeser flew to Iraq on Saturday to sign its non-binding memorandum of understanding with Qasim Al-Fahadawi, minister of electricity.

Related Posts

Be A Part Of The Power Plants Of The Year Editorial Feature
Rolls Commissions Microgrid Validation Center
Siemens Opens Innovation Center In Florida
A New Megaproject For Siemens
Sulzer Opens Malaysian Service Center
GE Marine Gas Turbines Power USS Cincinnati
Bombardier To Use Leclanché’s Rail Battery Systems Globally
EIA: Renewables To Produce 49% Of Global Electricity by 2050

Login

Forgotten Password?

Haven’t got an account? Click here to register.