EXIM: Proposed Guarantee for GE Turbines in Iraq

GE Power Operations in Iraq

Posted Thursday, August 17, 2023 9:55 am

The Export-Import Bank of the United States (“EXIM”) has received an application for final commitment for a long-term loan or financial guarantee in excess of $100 million, for the maintenance and upgrade of 44 General Electric Frame 9E.03 gas turbines at 10 locations in Iraq.

Principal Supplier: GE Gas Turbines (Greenville) LLC.

Obligor: Ministry of Finance of the Republic of Iraq.

Guarantor(s): None.

According to the company, since 2015 GE has secured over US $2.4 billion in financing for energy sector projects across the Iraq.

Once completed, this project will help maintain an estimated 4.3 GW of power across the grid, sufficient to power approximately 1.4 million Iraqi homes. Since 2011, GE has helped bring more than 14,000 MW of power online across Iraq.

[88 FR 56019]

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EXIM: Proposed Guarantee for GE Turbines in Iraq

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