Tag Archives | GE

GE signs $520m Iraq Deal

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 […]

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 […]

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 […]

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 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 […]

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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 […]