Financial Times FT.com

Iraq signs $3bn power deal with GE

By Ed Crooks in London

Published: December 16 2008 22:13 | Last updated: December 16 2008 22:13

Iraq has signed a $3bn (£2bn) contract with GE, the US industrial group, to more than double its electricity generation capacity.

In Baghdad on Tuesday, Iraq’s electricity ministry announced it was buying 56 turbines from GE that could generate 7,000MW of electricity: more than the country’s typical output currently.

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