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Britain approves $ 117 million in funding for two electricity projects in Iraq
economy
Since 2017-08-09 at 17:31 (Baghdad time)
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The British Export Credit Agency has announced $ 117 million in funding for General Electric and Inca UK for training to build two gas-fired power plants in Iraq.
"The British Export Finance Agency will support the initial stages of the construction of two 750-megawatt power plants for GE in southern Iraq," the British government said in a statement.
Iraq is a major producer of oil, but the country suffers from chronic power outages in a shabby network that can not meet demand after suffering years of war, sanctions and neglect.
Britain agreed in March to arrange 10 billion pounds ($ 13 billion) in loans to fund infrastructure projects in Iraq over a 10-year period under a program that would benefit only British companies.
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economy
Since 2017-08-09 at 17:31 (Baghdad time)
Follow Mawazine News
The British Export Credit Agency has announced $ 117 million in funding for General Electric and Inca UK for training to build two gas-fired power plants in Iraq.
"The British Export Finance Agency will support the initial stages of the construction of two 750-megawatt power plants for GE in southern Iraq," the British government said in a statement.
Iraq is a major producer of oil, but the country suffers from chronic power outages in a shabby network that can not meet demand after suffering years of war, sanctions and neglect.
Britain agreed in March to arrange 10 billion pounds ($ 13 billion) in loans to fund infrastructure projects in Iraq over a 10-year period under a program that would benefit only British companies.
[You must be registered and logged in to see this link.]
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