UPDATE 1-Iraq lines up GE and Siemens for power infrastructure work [Reuters]
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Source: Reuters
UPDATE 1-Iraq lines up GE and Siemens for power infrastructure work | Reuters 2 Min Read (Adds detail) BAGHDAD, Oct 21 (Reuters) - Iraq has signed agreements with General Electric and Siemens (SIEGn.DE) over potential deals to develop the country’s power infrastructure, the electricity ministry said on Sunday. Siemens had been favourite to win a contract to supply 11 gigawatts of power-generation equipment in a possible $15 billion deal, though the Financial Times reported on Wednesday that the German group may have to share the work with U.S. rival GE after pressure from U.S. President Donald Trump’s administration. An Iraq electricity ministry official confirmed there had been pressure from the United States. “We received key offers from Siemens and then General Electric to revamp Iraq’s power sector ... the pressure by the Americans was heavy,” the official said without elaborating. A memorandum of understanding (MoU) has been signed by both groups, with Iraq’s incoming government,
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