Iraqi Ministry of Electricity and GE sign Principles of Cooperation

Iraqi Ministry of Electricity and GE sign Principles of Cooperation

- H.E. Ziad Ali Fadhil, Minister of Electricity: “Our strong relationship and track-record with GE over the decades has been critical to upgrading our infrastructure and supporting our path to energy security.”

- GE’s team has worked with the Iraqi Ministry of Electricity and the private sector to add up to 19 gigawatts of new power capacity in little more than a decade, relieve power flow congestion, and improve grid reliability

Baghdad, Iraq: Underlining its long-term commitment to support Iraq address its growing power needs and the country’s transition to a cleaner energy future, GE (NYSE: GE) has signed Principles of Cooperation (PoC) in Energy with the Ministry of Electricity (MOE), Republic of Iraq. The initiative aims to explore opportunities to increase output through establishing new power plants and expanding capacity at existing facilities; maintaining and rehabilitating installed power generation and transmission infrastructure for more secure electricity supply; establishing new substations to relieve grid congestion across various directorates; enhancing the interconnectivity between the Jordanian and Iraqi grids; and driving the decarbonization of the country’s energy sector. As part of a services agreement being assessed under the PoC, the MOE and GE also plan to further strengthen local capabilities by setting up a