Iraq awards GE $3 billion gas turbine contract

December 16, 2008

The future of energy has been the subject of intense discussion around the world, and Iraq has not been left out of that debate. Demand for electricity in the country is nearly double the supply. GE announced today a landmark agreement with Iraq’s Prime Minister Nouri al-Maliki to provide power generation equipment capable of supplying 7,000 megawatts of much-needed electricity to Iraq’s energy grid.

John Krenicki, president and CEO of GE Energy, joined the prime minister at a signing ceremony in Baghdad this morning. “We’re focused order-by-order, customer-by-customer, and trying to win everything’s that out there,” Krenicki told CNBC.

Watch John Krenicki live from Baghdad on CNBC’s “Squawk Box.”

Read the complete transcript.

Read the press release.

* Bloomberg: GE Wins $3 Billion Iraq Turbine Order, Largest Ever
* AP: GE unit inks power deal worth nearly $3B with Iraq

Damiano

This is really a great acknoledgement in a period of economic crisis. GE is maintaining an high level of orders in its industrial side. This are the best announcement we can receive in such financial climate!
Jassi

What is GES advanced power generating technology.would love to hear about it and get involved in setting up projects elsewhere as you have done in iraq.many thnks indeed .jassi
Megan Parker

Hi Jassi,
Check out http://www.gepower.com for more information. Or you can always reach out to the contacts on that page!

-Megan, GE
Mustafa

I’m Iraqi citzien live in the United States and I’m a green card holder is there any job vacancy with your company in Iraq?
Jesus Quispe

We are currently working in Iraq & Kurdistan with 20 Universities to implement sustianble engineering.
Omar

I’m really glade to hear this good News ! However , this needs to be contiuned till to the end.
Fekri Badawy

I’m a citizen of USA and looking for a job with you. I worked in Iraq for some years. I’m mechanical Engineer.
This job could be in IRAQ or anywhere.