Iraq Signs Deal With US Firm To Produce 24,000 MW Of Electricity [Barron's]

GE Vernova Inc. (GEV)
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Source: Barrons
Prime Minister Mohammed Shia al-Sudani oversaw "the signing of a Memorandum of Understanding as part of a strategic cooperation framework with GE Vernova", his office said in a statement. "The MoU covers projects to establish combined-cycle gas power plants with a total capacity of approximately 24,000 megawatts," it said. It marks "the largest and most advanced electricity generation initiative in Iraq's history," the statement said, adding that it "also includes provisions for securing external financing through major global banks". The signing comes at the conclusion of a visit to Iraq by a high-level US delegation comprising of representatives from 60 private firms. Despite sitting on large reserves of petrol and natural gas, decades of conflict and in
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GEV
Earnings
- 4/23/25 - Beat
GEV
Sec Filings
- 4/4/25 - Form 4
- 4/4/25 - Form 4
- 4/4/25 - Form 4
- GEV's page on the SEC website