Iraqi Ministry of Finance and GE Mark Financial Close of Power Up Plan 4 to Strengthen Iraq’s Electricity Sector

وزارة المالية العراقية وجنرال إلكتريك تحتفيان باستكمال الجانب المالي

The Iraqi Ministry of Finance (MOF), GE and their financial partners today celebrated the financial close – a critical milestone that marks the final step of a loan agreement becoming effective – of the Power Up Plan 4 (PUP4). Under PUP4, GE will provide capital and spare parts, repairs and services to the Qudus, Khairat, Baghdad South, Hilla, Mussayab, Haidariya and Karbala power plants to help maintain more reliable generation of up to 2.7 gigawatts (GW) of electricity for the Iraqi people. As part of these efforts, 20 gas turbines…