Iraq agrees $328 million GE deal to boost electricity grid
Iraq has agreed a $328.8 million deal with General Electric (GE.N) to boost electricity production capacity by 1,000 megawatts (MW), an electricity ministry spokesman said on Monday. Though Iraq is a major OPEC oil producer, the country faces chronic electricity shortages, with its fragile grid struggling meet demand after years of war, sanctions and neglect. […]Ahmed Rasheed reports for Reuters :
Iraq has agreed a $328.8 million deal with General Electric (GE.N) to boost electricity production capacity by 1,000 megawatts (MW), an electricity ministry spokesman said on Monday.
Though Iraq is a major OPEC oil producer, the country faces chronic electricity shortages, with its fragile grid struggling meet demand after years of war, sanctions and neglect. Many areas lack access to electricity or drinking water, prompting demonstrations by thousands of Iraqis last year to press the government to improve delivery of essential services. GE will provide equipment and maintenance for 10 power plants across the country, ministry spokesman Musab al-Mudaris told Reuters.
