US ambassador: our companies ready to build power plants in

[Stillw8n]

US ambassador: our companies ready to build power plants in installment payment if financial guarantees provided

Baghdad (NINA) – US ambassador to Iraq, James Jeffrey, announced the US specialized companies’ willingness to build power stations in Iraq and equip them on the installment payment system if guarantees from the Iraqi government were available.

A statement issued by the Ministry of Electricity quoted Jeffrey as saying, during a meeting with Minister of Electricity Karim Aftan “the U.S. companies are willing to work on projects of the Ministry of Electricity under all forms of cooperation, whether direct payment or in installment,” noting that the issue of payment in installment needs to be supported by the Iraqi government, to provide adequate guarantees to assure the companies on their dues in Iraq.

For his part, the Minister of Electricity praised the US corporations manufacturing electric power plants, in particular the General Electric Company that he regards as “the best example for the US industries,” as well as praising the US banks, calling on them to finance projects in the electricity sector.

In response to the explanation by the US ambassador on a number of studies that were provided by a number of US companies to the Ministry of Electricity, the minister stressed “the importance of the implementation of studies in the field and utilize them,” expressing his thanks to everyone that provided such studies to the Ministry of Electricity to develop its work.

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