October 21, 2018 / 11:57 AM / a month ago

Iraq lines up General Electric for power infrastructure deal

BAGHDAD, Oct 21 (Reuters) - Iraq has signed a memorandum of understanding (MoU) with General Electric to develop the country's power infrastructure, the electricity ministry said in a statement on Sunday.

It also signed an MoU with Siemens.

Iraq has been in negotiations with the German group on a contract to supply 11 gigawatts of power-generation equipment in a deal reported to be worth about $15 billion. (Reporting by Ahmed Rasheed Writing by John Davison Editing by David Goodman)

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