General Electric signs $1 billion contract with IraqStaff writer ▼ | January 29, 2016
General Electric is signing a power up plan with the Iraqi Ministry of Electricity (MoE) for critical electricity generation and maintenance projects.
Energy Adding 700 megawatts to the national grid
The value of the contracts signed totals more than $1 billion, with financing already in place for the initial stage of the projects equaling $328 million.
GE has commenced the shipment of parts and began the on-site execution of these projects at the MoE plants in Iraq.
The technology upgrades include, among others, heavy fuel oil (HFO) conversions that will help scale up productivity in addition to installing advanced hot gas path components at the various gas turbines.
AGP technology advancements feature hardware design and materials improvements to the components of GE’s gas turbine hot gas path system. These innovations are coupled with GE’s advanced controls software to expand gas turbine performance and enable the power plants to operate more dynamically.
The ministry will supply the heavy fuel oil to the sites where the HFO technology is being installed due to the scarcity of natural gas resources and to leverage the capacity of the new units during the upcoming summer season.
To date, over 130 GE turbines have been installed across the country. GE has over 40 years of presence in Iraq, and with three offices in Iraq—in Baghdad, Erbil and Basra—the company continues to deliver its latest technology and expertise to local customers. ■