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NIO Inc (NYSE:NIO) - Nio Opens Second Line Under Power Up Plan: What You Need To Know

GE Finalizes 2 7GW Power Projects Financial Deal In Iraq

GE Finalizes 2 7GW Power Projects Financial Deal In Iraq
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Iraqi Ministry of Finance and GE Mark Financial close of power up Plan 4 to strengthen Iraq s Electricity Sector

GE seals 2 7GW Iraq power projects financial deal

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. 

PROJECTS: UAE s Etihad Credit Insurance backs Iraqi power project

PROJECTS: UAE s Etihad Credit Insurance backs Iraqi power project
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