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Iraq signs bln-dollar power deals with GE, Siemens

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Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens for equipment to almost double electricity generation capacity, an energy official said on Saturday.

The deals with GE, Siemens and a third company would be worth a total of $7 billion to $8 billion, Iraq's Electricity Minister Karim Waheed told Reuters.

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TVNL Comment: The spoils of war: Bomb a country's electrical generators to smithereens and then make deals worth billions to rebuild them. Damn clever, these Americans...


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