Iraq has signed an agreement with General Electric to develop the country’s power infrastructure, Reuters reported.
This is the second agreement of this type signed this week, following the deal with Siemens.
The Iraqi government has signed a memorandum of understanding (MoU) with both companies. The government will be able to decide further down the line whether they will enter an agreement with one or both of the companies.
Siemens is currently the frontrunner to win a contract to supply 11 gigawatts of power-generation equipment, worth $15 billion. However, reports have stated that General Electric may share agreements with Siemens due to US government pressure.
“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.
Siemens CEO Joe Kaeser stated that the Iraqi MoU represents a “landmark” agreement for the company.