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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq signs $1.05 billion power plant deal with General Electric

    Rocky
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    • Post n°1

    Iraq signs $1.05 billion power plant deal with General Electric Empty Iraq signs $1.05 billion power plant deal with General Electric

    Post by Rocky Fri 27 Jan 2017, 3:37 am

    Iraq signs $1.05 billion power plant deal with General Electric
    Posted on [You must be registered and logged in to see this link.] by [You must be registered and logged in to see this link.] in [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.]
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    The contract was signed by Iraqi Electricity Minister Qasim al-Fahdawi (R) and GE Power President and Chief Executive Officer (CEO) Steve Bolze (L) in a signing ceremony attended by Iraqi PM Haider al-Abadi (C), Jan. 27, 2016. Photo: Reuters
    BAGHDAD,— Iraq signed a billion-dollar deal Thursday with US firm General Electric for the construction of two power plants aimed at easing the country’s long-running electricity woes, the premier’s office said.
    Under the deal, the power plants, each with a capacity of 750 megawatts, will be built in the provinces of Dhi Qar and Muthanna at a total cost of $1.05 billion, a statement from Haider al-Abadi’s office said.
    The contract was signed by Iraqi Electricity Minister Qasim al-Fahdawi and GE Power President and Chief Executive Officer (CEO) Steve Bolze in a signing ceremony attended by Iraqi PM Haider al-Abadi.

    GE announced the deal earlier this month, saying it had secured more than $1.4 billion in orders to set up the two plants and provide upgrades and maintenance at others.
    Iraq has struggled for years with major shortfalls in power production and electricity distribution problems.
    Electricity supplies collapsed in the chaos after the U.S. invasion in 2003 when power plants were looted or not properly maintained.
    Militants have targeted transmission towers and other infrastructure in subsequent years, while the government in Baghdad has been unable to keep up with demand.
    This leaves many Iraqis with just a few hours of government-provided power per day, giving them the choice of supplementing it with generators or going without electricity in a country where temperatures can top 50 degrees Celsius (120 Fahrenheit) in summer.
    Abysmal services, widespread corruption and government posts being distributed along political and sectarian lines were the main factors that sparked anti-government protests starting in the summer of 2015.
    The demonstrations, which have continued on and off for more than a year, led to many promises of change by Baghdad, but little in the way of concrete results.
    In January 2016 Iraq has [You must be registered and logged in to see this link.] million deal with U.S. company General Electric that will boost power output.

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