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FINANCIAL NEWS
Iraq’s Kurdistan awards $200m deal to GE
17 Feb 2010
(MENAFN) A senior official at General Electric (GE) announced that the company has signed contracts totaling around $200 million to supply power generation equipment and services for two independent power projects in the Kurdistan region of Northern Iraq, Reuters reported.
The two projects will help support the region’s current and future power needs and the country’s overall efforts to develop its energy infrastructure, according to the official.
Located in the Dohuk and Sulaimaniyah provinces of Kurdistan, both projects are being developed by Mass Global Investment Company, a leading developer of independent power plants.
When the new projects are completed, it is expected that the total electricity capacity of Mass Global-developed power plants in the Kurdistan region will reach 1,750 megawatts, to help meet the increasing power demand.
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