GE Finalizes 2.7GW Power Projects Financial Deal In Iraq albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
As Iraq’s government struggles to build stability in the face of economic decline, COVID, political protest and periodic violence, it may see new hope for some maneuvering room in its narrow political space between the United States and Iran. One day after U.S. and Iranian officials agreed through intermediaries to work toward restoring the 2015 accord over Iran’s nuclear program, American and Iraqi diplomats announced an intent to remove U.S. combat forces from Iraq. Both initiatives face deep uncertainties. But if successful they could widen Iraq’s difficult path toward peace.
GE seals 2.7GW Iraq power projects financial deal
BAGHDAD, 2 days ago GE said it has reached a financial close with Iraqi Ministry of Finance (MOF) and its financial partners for the Power Up Plan 4 (PUP4). The financial close - a critical milestone that marks the final step of a loan agreement becoming effective - will see GE provide capital and spare parts, repairs and services to the Qudus, Khairat, Baghdad South, Hilla, Mussayab, Haidariya and Karbala power plants to help maintain more reliable generation of up to 2.7 gigawatts (GW) of electricity for the Iraqi people. As part of these efforts, 20 gas turbines that are currently not operational at these sites will also be returned to service.
To improve the performance of our website, show the most relevant news products and targeted advertising, we collect technical impersonal information about you, including through the tools of our partners. You can find a detailed description of how we use your data in our Privacy Policy. For a detailed description of the technologies, please see the Cookie and Automatic Logging Policy.
By clicking on the Accept & Close button, you provide your explicit consent to the processing of your data to achieve the above goal.
You can withdraw your consent using the method specified in the Privacy Policy.
Accept & Close
Sputnik International
Pope Francis, the chief of the Roman Catholic church, visited Iraq in a historic visit last week. In a meeting oozing symbolism, the pope met Ayatollah Sistani, the religious leader of Iraqi Shias. He also visited the ancient city of Ur, which is the birthplace of Prophet Abraham, the patriarch of monotheistic religions of Judaism, Christianity, and Islam. On the last day of his three-day sojourn, he addressed a congregation at a church in Mosul, a city that served as ISIS’s capital in Iraq.
“How cruel it is that this country, the cradle of civilisation, should have been afflicted by so barbarous a blow,” the Pope said, “with ancient places of worship destroyed and many thousands of people Muslims, Christians, Yazidis, and others forcibly displaced or killed.”