GE signs record energy agreement in Iraq

December 17, 2008 | By admin |

The future of energy has been the subject of intense dialogue 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-Malaki to provide power generation equipment capable of supplying 7,000 megawatts of much needed electricity to Iraq’s energy grid.

“We are honored that the Government of Iraq has chosen GE to support its efforts to expand the country’s energy infrastructure,” said John Krenicki, GE vice chairman and president and CEO of GE Energy. “Electricity is the backbone for quality of life and economic growth. We can bring the strength and dependability of GE’s advanced power generating technology and services to Iraq’s mission to address long-term electricity demand.”

Krenicki joined President Malaki at a signing ceremony in Baghdad this morning.

Watch John Krenicki on CNBC.

Read the press release.