US firm General Electric (GE) and Germany’s Siemens this week announced agreements with Iraq’s Ministry of Electricity for a 25GW boost to Iraqi power generation capacity, promising an end to the power blackouts that have triggered rioting this summer. Critically, both deals include assistance in raising project finance.
Both agreements are preliminary, and will have to be approved by the incoming cabinet of Prime Minister Adil Abd al-Mahdi. (CONTINUED - 989 WORDS)
