By Raad Alkadiri for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US energy firms are returning to Iraq -- but politics could undo their fortunes US firms are back in Iraq. Whether their outlook is as propitious a year […]
By John Lee. The Ministry of Electricity has announced the signing of a contract for the implementation of the Al-Faw Gas Power Plant project in Basra - the largest investment-based gas-fired station in southern Iraq. The 3,000-megawatt combined-cycle plant will be built by GE and will include four gas turbines and two steam units. It […]
By John Lee. GE Vernova has announced plans to install its new AGP XPAND upgrade at the 1,250 MW Bazyan [Bazian] Power Plant in Iraqi Kurdistan, operated by Taurus Energy [Taurus Arm], part of the Onex Group. The announcement was made at a ceremony in Sulaymaniyah, attended by H.E. Qubad Talabani, Deputy Prime Minister of […]
By John Lee. Prime Minister Mohammed S. Al-Sudani oversaw the signing of three significant Memorandums of Understanding (MoUs) on Wednesday, two in the electricity sector and one to enhance commercial cooperation with the United States. The first MoU, signed with GE Vernova, outlines a strategic cooperation framework to develop combined-cycle gas power plants in Iraq, […]
By Farhad Alaaldin for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A visit by a US delegation to Iraq next week is a chance to deepen ties with Baghdad With the accelerating pace of Iraq's economic revival and comprehensive development […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, has addressed key energy issues in interviews with Al Arabiya and Al Hadath, outlining government efforts to secure power supply and mitigate potential summer shortages. Key points include: The halt of exemptions has affected 800 MW of electricity imports from Iran, impacting Diyala, Maysan, […]
By John Lee. Iraq's Ministry of Electricity and GE Vernova have completed upgrades at multiple power plants, enhancing Iraq's electricity infrastructure. The project covers 46 gas turbines across 12 sites, expected to add up to 500 MW to the national grid by summer 2025. Several plants, including Ninawa, Al-Diwaniyah, Hilla, and Karbala, have transitioned from […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met a delegation from GE Vernova (General Electric), led by Mr. Joseph Anis, President and CEO for Europe, Middle East, and Africa in London this week. The delegation reviewed the progress of strategic projects currently being implemented by GE across Iraq in the electricity sector. These projects […]
By John Lee. Prime Ministers Keir Starmer and Mohammed S. Al-Sudani have unveiled an ambitious £12.3 billion [$15 billion] UK-Iraq trade and investment package aimed at enhancing prosperity and bilateral economic ties. The agreement represents over a tenfold increase in trade compared to last year and underscores both nations' commitment to strategic collaboration across key […]
By John Lee. Iraq's Ministry of Electricity and US-based GE Vernova has announced the completion of five key substations ahead of schedule. According to a statement from GE Vernova, rhe five substations-Al Hindia, Al Sader, Al Qaim Saada, North Baqubah, and Yaramja South-will support more stable electricity distribution across Iraq. North Baqubah and Yaramja South […]
By John Lee. Mass Group Holding (MGH) and GE Vernova have announced significant progress in the modernization of Iraq's largest power facility, the 4.5 GW Bismaya [Besmaya] Power Plant in Baghdad. Phase 1: Phase 1 involved Advanced Gas Path (AGP) upgrades on four GE Vernova 9F.04 gas turbines at the Besmaya Power Plant. The upgrades […]
By John Lee. GE Vernova, the US-based company formed from the energy businesses of General Electric (GE), has announced a series of initiatives to boost electricity generation and supply in Iraq: Providing 3 additional gigawatts (GW) of power into the grid, "generated by highly efficient combined cycle power plants"; Five-year services and upgrade agreements to […]
