Iraq, GE Power to strengthen country's electricity sector

Business Sunday 04/November/2018 15:02 PM
By: Times News Service
Iraq, GE Power to strengthen country's electricity sector

Muscat: Iraq’s Minister of Electricity Luay Al Khateeb met a delegation of GE Power led by Joseph Anis, president and chief executive officer (CEO) of GE’s Power Services business in Africa, South Asia and the Middle East, at his office on Sunday.
The Iraqi minister discussed next steps to drive the Principles of Cooperation (POC) signed by the Ministry with GE to develop the country’s power sector.
Under the POC signed with the Iraqi Ministry of Electricity, GE intends to add new power generation capacity; provide repairs, rehabilitation, upgrades and maintenance services for existing power plants; develop substations and overhead lines across the country; set up a centralised energy management system; and undertake comprehensive decongestion network studies, as well as advisory services to reduce collection recoverable losses.
“The ministry’s top priority is to strengthen the electricity infrastructure of the country on an urgent basis, and we are looking at all possible initiatives to help boost power generation in the country as well as to strengthen our transmission and distribution network,” Al Khateeb said.
“The POC signed with GE serve as a strong action plan to help meet our requirements and we look forward to begin the execution of activities noted under this proposal,” he added.
“We congratulate Luay Al Khatteb on his new position and look forward to working with the ministry to support the government’s vision of developing the country’s electricity infrastructure,” Joseph Anis said.
“We are committed to delivering the action plan under the recently signed POC and our top priority is to deploy GE’s proven fast power technologies and upgrades for existing assets to help bring up to an additional 1.5 gigawatts online by 2019 — the equivalent electricity needed to supply up to 1.5 million Iraqi homes,” he added.
“Power is foundational to growth and we are honoured and excited to support faster progress for the people of Iraq,” he said.
As part of the proposals in the POC, GE also plans to establish a local technology centre comprising of a repairs centre, monitoring and diagnostics centre and a training centre; provide three trailer-mounted mobile water treatment units; and supply neonatal intensive care equipment and advanced medical care training for nursing staff at a neonatal intensive care centre.
The plan is expected to generate up to 14 gigawatts (GW) of power, create up to 65,000 direct and indirect jobs, support the government to realise savings and recoverable losses of up to $3 billion per year and support access to water and healthcare for local communities.
GE will also assist the Government of Iraq to unlock financing for these projects through its extensive relationships with global export credit agencies and financial institutions.