The Ministry of Electricity signed the financial agreement with the US General Electric Company

History of edits:: 15.03.2016 20:12 • 30 visits readable


 {Baghdad: Euphrates News} The Ministry of Electricity on Tuesday the financial agreement with GE US attended by the Minister of Electricity Qassim Fahdawi after it is signed technical agreement on January 28 last and these two agreements within the maintenance contract {13} generating station will be implemented by the US company to add {700} MW from energy to the national electricity system the middle of next summer.
According to a statement of the ministry and the agency {Euphrates News} received a copy of it today , “it was the conclusion of the financial agreement today after obtaining the approval of the Ministry of Finance and the Iraqi Trade Bank to pay the value of the contract and the {328} million dollars, which the ministry Stsddh during the three – year formula begins after the completion of maintenance work . ” 

He noted that” the agreement included a grace period of repayment for the first year starts after the payment for two years and eight batches, each year in four installments. 

The statement said that ” the contract contains four clauses are equipped for maintenance of the units generating gas stations Khairat, Karbala and Najibiyah Shatt al – Basra and southern materials Baghdad first, Jerusalem and Alhaidariya, Najaf and Diwaniyah gas, ( f ) Supply and installation of engines units {LM6000} for stations Musayyib and Jerusalem invading and processing and installation unit fuel reprocessing plant Diwaniyah gas and rehabilitation of the monument station Bazargan gas engine . “End quote.

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