Tag Archives | GE

GE, Siemens Electricity Deals “in Doubt”

By John Lee. The Financial Times has reported that the recently-agreed electricity deals with Siemens and General Electric (GE) are not certain to be approved. It quotes Minister for Electricity Luay Al-Khatteeb (pictured) as saying: “I don’t have financial allocations or the processes available at hand, it doesn’t allow me to cherry-pick the right consultancies […]

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GE Power Substation Inaugurated in Baghdad

Iraqi Ministry of Electricity and GE Power celebrate inauguration of Baghdad West North Substation Underlining their joint commitment to support the development of Iraq’s power infrastructure, the Iraqi Ministry of Electricity (MoE) and GE Power’s Grid Solutions business (NYSE: GE) celebrated the energization of the Baghdad West North substation. Located about 35 kilometers away from […]

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“Discussions Ongoing” between Siemens and Iraq

By John Lee. Talks are reported to be continuing between Germany’s Siemens and the Iraqi Ministry of Electricity regarding a major investment in the country’s electricity infrastructure. Lisa Davis (pictured), CEO of the Siemens Gas and Power Operating Company, and member of the corporation’s managing board, told The National last week that “discussions are ongoing”, […]

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Siemens, GE must share Iraq Electricity Deal

By John Lee. Both Germany’s Siemens and US-based GE have signed deals with the Iraqi government on Sunday to provide major additional power generating capacity to Iraq. Following a hotly-contested competition, the two rivals are to share the work, with GE supplying 14 Gigawatts (GW), and Siemens 11 GW. (Sources: GE, Siemens)

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GE Wins 14GW Iraq Power Contract

GE (NYSE: GE) signed Principles of Cooperation (POC) with the Iraqi Ministry of Electricity to develop the country’s power sector. The plan is expected to generate up to 14 gigawatts (GW) of power, create up to 65,000 direct and indirect jobs, support the government to realize savings and recoverable losses of up to $3 billion […]

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Siemens may have to share $15bn Power Deal with GE

By John Lee. Germany’s Siemens may have to share a $15-billion contract to supply power-generation equipment to Iraq with US rival General Electric (GE). The Financial Times reports that although it appeared that Siemens would win the deal, the Trump administration successfully intervened on behalf of GE. Last month German business newspaper Handelsblatt reported that […]

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Siemens Pushes for Major New Iraq Electricity Deal

By John Lee. German business newspaper Handelsblatt reports that Chancellor Angela Merkel has personally intervened with Prime Minister Haider al-Abadi to persuade the Iraq Government to sign a major contract with Siemens to upgrade the country’s electricity infrastructure. It is understood that the State Secretary for Economic Affairs, Thomas Bareiß, accompanied Siemens Chief Executive Joe […]

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Baker Hughes wins Iraq Flare Gas Contract

Baker Hughes, a GE company has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare gas for Nassiriya and Al Gharraf  [Garraf] oilfields. The importance of the project was highlighted by the attendance of several high-level officials, including HE Jabbar Al-Luaib, the Minister […]

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GE “Helps Najibiya Power Plant Reduce Downtime”

GE Power has installed its Advanced Gas Path (AGP) gas turbine upgrade solution at the Iraqi Ministry of Electricity’s (MOE’s) Najibiya Power Plant. The solution is expected to enable the MOE to increase the duration between the maintenance inspections of the gas turbines. This will decrease the downtime of the turbines and improve the availability […]

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