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Dubai, UAE, United Arab Emirates, 2011/09/20 - Reinforcing its commitment to support Iraq’s expanding energy infrastructure, GE (NYSE: GE) has signed a multi-million dollar, multi-year agreement with Mass Global Investment Company, an independent power producer in Northern Iraq. NYSE: GE
• Reinforces GE Commitment to Further Strengthen Iraq’s Electricity Infrastructure Development;
• 12-Year Parts and Repair Exclusive Contract to Ensure Long-Term Reliability and Overall Performance of 18 GE Gas Turbines at Arbil, Sulaimaniyah and Dohuk Power Plants in Kurdistan Region.
The agreement is designed to help Mass Global maintain the high reliability and overall performance of the 18 GE gas turbines installed at the Arbil, Sulaimaniyah and Dohuk power plants, located in Iraq’s Kurdistan region.
The long-term agreement covers the supply of parts and repairs services for planned outages of the GE Frame 9E gas turbines over a period of 12 years. The agreement also will support the building of local technical expertise with a tailored training program for more than 30 Mass Global engineers.
Ahmed Ismail, chairman of Mass Global, said: “Mass Global continues to be at the forefront of meeting the power requirements of the Northern Iraq region. This new service agreement builds on our growing relationship with GE, a global technology leader, whose proven and reliable advanced energy technology has been employed in our gas power facilities since 2006. The long-term partnership with GE also will enable us to enhance our operational efficiencies as well as develop our staff competencies to help meet the energy requirements in this region.”
The key components of the contract also include inter-changeability of the latest parts technology for Mass Global’s installed base, joint outage planning to provide the highest reliability, specially expedited parts delivery and customized field training program for Mass Global’s engineers.
Joseph Anis, GE Energy’s president and CEO for the Middle East said: “This latest service agreement with Mass Global, which includes a tailored training program for local engineers, is designed to ensure real-time support. It builds on our growing relationship with Mass Global, supporting its efforts to enable a reliable supply of much-needed electricity in the northern region of the country. The agreement also reflects our expanding knowledge transfer initiatives and further underlines our commitment to strengthen Iraq’s power generation capacity and infrastructure growth with advanced technology and high quality services.”
This agreement follows earlier announcements that GE is supplying Frame 9E gas turbines to Arbil, Sulaimaniyah and Dohuk provinces. The GE Frame 9E gas turbines come equipped with flexible fuel handing capabilities, accommodating a wide range of fuels. With these agreements, Mass Global will generate more than 2,250 megawatts of power for the Kurdistan region.
This agreement further reiterates the leading role that GE is playing in supporting the growth of Iraq’s energy sector and the strong relationships the company has forged with leading utility providers across the country,
GE’s long-term service agreements are structured to provide customers with predictable maintenance costs. To date, GE has long-term service agreements in place at more than 700 sites worldwide.
About Mass Global
Mass Global is part of MASS Group Holding Ltd., which focuses its activities in the field of electricity generation using building, operating and owning (BOO) methods. The capacity, currently up to 2,125 megawatts, is expected to reach more than 3,200 megawatts over the next two years. Thus, MASS Group is providing significant services to the community important to their way of life, such as power and products necessary for the reconstruction of projects such as cement, steel and other industrial projects and services. The projects of MASS Group Holding Ltd. have no borders; the group has vital projects in Iraq, Jordan and the Sudan.
GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.
GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Management and GE Oil & Gas—work together with more than 90,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.
Howard Masto, Masto Public Relations
P: +1 518 786 6488 / E: howard.masto[.]ge.com.
Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.
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