GE has signed a multiyear agreement in Iraq with Mass Energy Group Holding. The $520-million contract includes operation and maintenance services as well as GE’s advanced digital industrial solutions for the 3-gigawatt gas-fired Basmaya [Bismaya] Power Plant, 40 kilometers east of Baghdad. This contract represents a continuing effort between Mass Energy Group Holding, the Iraqi […]
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GE signs Power Deal in Iraq
By John Lee. General Electric (GE) has signed a "strategic framework agreement" with Iraq's Oil Ministry on Sunday. The projects are planned to generate more than 400 megawatts of power for oil installations by summer. Other initiatives are to maintain existing generating infrastructure and reduce gas flaring from oil fields. The ministry did not specify […]
Qaiwan secures $105m Loans for Iraq Power Plant
By John Lee. Kurdistan's Qaiwan Group has secured two loans totalling $105 million to refinance part of the firm's investment in the 442-MW Bazian Power Plant (pictured). According to a report from Trade Arabia, Deutsche Bank has arranged an eight-year $75-million buyer credit, along with the Dubai branch of Lebanon's Bankmed. The finance is being […]
Iraq agrees $328m GE Electricity Deal
By John Lee. Iraq has reportedly agreed a $328.8 million deal with General Electric. Electricity Ministry spokesman Musab al-Mudaris told Reuters that GE will provide equipment and maintenance for 10 power plants across the country, boosting capacity by 1,000 megawatts (MW). He added that Baghdad will pay GE in instalments over three years, starting in […]
APR Signs Contract Extension
APR Energy, which describes itself as "a global leader in fast-track power solutions", announce on Wednesday that it has signed extensions of its power generation contracts in Iraq and Angola. The Company's contract extension in Iraq is for a one-year term, and runs through 2016. The power plant has been in operation since 2012 and […]
GE to Provide Turbines for Bismayah Plant
Further building on its partnerships to support Iraq’s power sector, GE (NYSE: GE) has received an order from Mass Global Investment Company to provide advanced gas turbines for a new 3-gigawatt (GW) power plant in Bismayah, only 30 kilometers away from Baghdad within a massive housing development project. The Bismayah plant will support Baghdad and […]
Penspen Expands in Iraq
Penspen, a leading global provider of engineering and management services to the energy industry, has underlined its commitment to growth in the Middle East with three new appointments and investment in a new office in Iraq. Ahmed Al-Dadah and Na’el Barghouthi have this month joined the company from other engineering providers, whilst Michael Simm, EVP […]
Finance Minister Meets General Electric
By John Lee. Finance Minister Hoshyar Zebari received this week the CEO of the General Electric Company (GE), Mr. Aziz Koleilat, and his delegation. During the meeting, they discussed projects and activities of the company in the country in the energy, electricity and health sectors. The Minister of Finance stressed the government's keenness to secure […]
Noor: Managing an All-Male Team for GE
By Duraid Adnan. This is an extract from an article originally published by Nina Magazine, and is reproduced here with permission. An inclusive working environment is one where everyone feels valued. Individual relationships are of course at the heart of positive partnerships, but the employer must also foster an environment that supports collaboration – between […]
GE’s to Provide Turbines to Iraq
GE (NYSE: GE) has signed a contract with ENKA to supply power generation equipment for a new 750-megawatt (MW) combined-cycle plant being developed by Qaiwan Group in Iraq. GE will provide four 9E gas turbines and one steam turbine for a new power plant in Sulaimaniyah to support the government’s goal of strengthening the electricity […]
GE Boss Sees "Huge Potential" in Iraq
By John Lee. The head of GE’s Middle East operations has told Arabian Business that there is huge potential in Iraq, but says he expects delays in the decision making and execution of significant infrastructure projects as civil unrest in the country grows. Nabil Habayeb (pictured) said: “What’s happening in Iraq concerns us first of […]
Pentagon to Sell Apaches to Iraq
By John Lee. The US Defense Security Cooperation Agency (DSCA) has notified Congress of a possible Foreign Military Sale to Iraq for AH-64E APACHE LONGBOW Attack Helicopters and associated equipment, parts, training and logistical support for an estimated cost of $4.8 billion. The Government of Iraq has requested a possible sale of 24 AH-64E APACHE […]