DUBAI (Reuters) - Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens for equipment to almost double electricity generation capacity, an energy official said on Saturday.
The deals with GE, Siemens and a third company would be worth a total of $7 billion to $8 billion, Iraq's Electricity Minister Karim Waheed told Reuters.
Years of war, sanctions and neglect have battered Iraq's power grid and the country suffers chronic power shortages. The capital Baghdad receives only a few hours of electricity a day. The deals would mark a big step in the country's reconstruction, Waheed said.
"These deals will help us to end the electricity supply problem by 2012," Waheed said on a private visit to the United Arab Emirates.
Saturday, September 27, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment