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Iraq contracts with US General Electric to generate 14,000 megawatts of electricity

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Iraq contracts with US General Electric to generate 14,000 megawatts of electricity

Unread postby admin » Sun Oct 21, 2018 8:25 am

Iraq contracts with US General Electric to generate 14,000 megawatts of electricity

2018/10/21 11:21

Iraq contracts with US General Electric to generate 14000 megawatts of electricity

{Al-Furat News} US General Electric Co. signed an agreement on principles of cooperation with the Iraqi Ministry of Electricity to develop the energy sector in the country.
"The agreement will generate up to an additional 14,000 megawatts, provide up to 65,000 direct and indirect jobs, achieve greater savings, avoid losses of up to $ 3 billionannually, establish a local technology center, support water services And health care. "
The agreement was signed by Minister of Electricity Qassem Al-Fahdawi and Joseph Anis, President and CEO of the Energy Services Unit in Africa, South Asia and the Middle East.
The agreement marks an extension of GE's presence in Iraq and the company's commitment to support development efforts that have supported the Iraqi people for more than 50 years.
GE plans to add up to 14,000 megawatts to support the energy security path. Iraqi energy, in conjunction with the provision of maintenance and rehabilitation services to secure the additional 7,000 MW that are currently operating.
In addition, the agreement includes updates and services for current power plants; conversion of simple cycle power plants to composite cycle, enhancing productivity without requiring additional fuel consumption or causing additional gas emissions; and establishing new plants using state-of-the-art power generation technologies High efficiency and reliability.
GE will also develop substations and airwires across the country, as well as a centralized power management system including generation, transmission and distribution.
All these initiatives will add up to 14,000 megawatts of electric power while strengthening the country's electricity connection.
GE expects to help the Iraqi government achieve savings and recover losses of up to $ 3 billion a year through various activities such as repair, maintenance, modernization and other services that help reduce operating costs for existing power plants.
To improve the transmission and distribution of electricity, GE will conduct dedicated studies to reduce pressure on the power grid, as well as provide advisory services to improve the collection of electricity revenues and reduce losses.
In July, Baker Hughes of GE signed a contract with the Iraqi Oil Ministry to provide solutions to recover gas from the Nasiriyah and Gharraf fields.
GE will support the Iraqi government in securing funding for these projects through international export credit agencies and financial institutions.
As part of the agreement's proposals, GE's commitment to a common future and the progress of the Iraqi people will also include:
1. Building local capacity: GE plans to establish a technology center with a maintenance center, a monitoring and diagnostics center, Training.
2. Contribute to the provision of important services to the community: GE plans to provide three mobile truck-mounted water treatment units to help meet the daily needs of the people of Basra from drinking water.
The company also plans to establish a neonatal care unit and train nursing staff to meet the need for specialized healthcare services.
"Most of our focus is on reconstruction efforts and sustainable development projects that are in the interest of the Iraqi people. There is no doubt that the development of the electricity sector is a key element in achieving these goals," said Musab al-Mudarab, spokesman for the Ministry of Electricity.
"GE has presented a business plan that fits our needs, including the latest technology in the energy sector, and financing and social services solutions that meet our most important needs in the near and long term."
"Our presence in Iraq is based on a history of trust, partnership and success spanning 50 years," said Russell Stokes, President and CEO of GE.
"We are honored to support the Iraqi government in its efforts to rebuild Iraq, and we are proud of our legacy of achievements in the provision of energy to areas in need in the country."
"We are fully aware of the importance of providing electricity immediately. Our comprehensive plan combines advanced technologies, financing solutions, local investments, training and social services, and is expected to provide up to 65,000 jobs and financial savings, benefiting families, businesses and various industrial sectors. in Iraq".
GE has about 300 employees in Iraq and three offices in Baghdad, Basra and Erbil, and in collaboration with its partner CFMI, provides power to more than 90 percent of the Iraqi Airways fleet, and its technologies generate about 55 percent of the country's electricity, Using about 4,000 products developed by GE Healthcare in hospitals and clinics across Iraq.

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