General Electric (GE) has secured more than USD 1.4 bn from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services.

GE signed agreements adding over 2 GW of power and securing the delivery of around 1.75 GW of existing power to the national grid, according to a released statement.

“Today’s announcement with GE is another strong statement on our commitment to strengthen the nation’s power infrastructure,” said Musaab Al-Mudarris, the official spokesman of Ministry of Electricity.

“We are focused on delivering reliable, uninterrupted and efficient electricity supply for both residential and commercial use. With demand for electricity increasing every year, a transformational approach is required led by new projects and technology upgrades,” he added.

With GE’s expanded portfolio of technologies and solutions, this project will provide more reliable and sustainable electricity for the country to help achieve better operations and higher levels of efficiency, President and CEO of GE Power Steve Bolze said.

GE has been present in Iraq for over 40 years, and has been supporting the country’s needs in power generation, oil, gas, water processing, aviation, and healthcare through diversified multi-business solutions and local presence. There are 130 GE turbines currently operating in Iraq, apart from ongoing agreements supporting power generation plants across the country.