GE, Siemens Announce ‘Landmark’ Power Agreements With Iraq

22 October 2018

Two of the biggest players in power generation say they are poised to step in to help Iraq strengthen its electrical infrastructure.

GE said it had signed principles of co-operation to add 14 GW of power generation capacity, with an immediate order for 1.5 GW to come into service next summer. On Saturday, Siemens signed what the company called a “landmark” agreement to supply Iraq with 11 GW of power generation over four years.

Neither agreement is a binding contract, but both companies are optimistic that larger deals are in the offing. The Iraq situation has been in flux for some time. Most observers believed Siemens had an advantage over GE in Iraq until recently, but the Trump administration put pressure on the country’s government to award more business to U.S.-based GE. Taking no chances, Siemens CEO Joe Kaeser flew to Iraq on Saturday to sign its non-binding memorandum of understanding with Qasim Al-Fahadawi, minister of electricity.

STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

POWER SOURCING GUIDE

The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now

CONNECT WITH THE TEAM
Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: [email protected]
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: [email protected]
Chad Elmore Managing Editor Tel: +1 262 754 4114 E-mail: [email protected]
Josh Kunz Power Progress Brand Manager Tel: +1 414 379 2672 E-mail: [email protected]
Roberta Prandi Power Progress International Brand Manager Tel: +39 334 6538183 E-mail: [email protected]
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA