Mohammed Mohaisen, President and CEO of GE Power’s Grid Solutions business in the Middle East, North Africa and Turkey said:
“A holistic approach to national infrastructure building is vital, from the provision of technical expertise to working with partners, such as Export Credit Agencies, in securing long-term financial solutions. This agreement is a continuation of our firm commitment to driving industry and infrastructure forward in Iraq, working with the Ministry of Electricity in finding sustainable and effective solutions to some of the country’s most pressing issues.”
The current agreement builds on GE’s significant legacy of contributions towards strengthening Iraq’s power sector. This includes establishing captive power plants to provide power for industrial use, converting power plants from simple cycle to combined cycle configuration, multi-year services to improve the reliability and efficiency of operations, upgrades solutions to increase the output and efficiency of the existing installed power generation asset base and the implementation of digital industrial solutions to monitor, analyze, enhance and predict equipment health.
GE has three offices in the country - in Baghdad, Erbil and Basra – and the company continues to deliver advanced technology and expertise for the development of critical energy, healthcare and transportation infrastructure in the country. Today, GE-built technologies generate up to 50 percent of Iraq’s power and GE employs about 300 people in the country, more than 95 percent of whom are Iraqi nationals.
(Source: GE)
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