GE in $400-million Iraq contract

BAGHDAD, November 23, 2017 – The Iraqi Ministry of Electricity has hired GE to build 14 substations and upgrade Iraq’s electric network through works valued at a total of USD 400 million, the engineering giant announced on Wednesday.

“A holistic approach to national infrastructure building is vital, from the provision of technical expertise to working with partners, such as Export Credit Agencies, in securing long-term financial solutions,” Mohammed Mohaisen, president and CEO of GE power grid arm in the Middle East, North Africa and Turkey, said in a statement.

“This agreement is a continuation of our firm commitment to driving industry and infrastructure forward in Iraq, working with the Ministry of Electricity in finding sustainable and effective solutions to some of the country’s most pressing issues.”

Read our latest insights on: