GE Inks Iraq Deals Worth Over $1.2 Billion

General Electric (NYSE: GE) announced a power agreement with the government of Iraq on Wednesday to upgrade, maintain and reinforce Iraq's electricity transmission network. The agreement is in the form of two projects. One, worth $500 million, will have GE's gas power business working with key power plants that supply over 6 gigawatts (GW) to the country. Another, for $727 million, is for GE's grid solutions to reinforce the country's transmission network and its connection with Jordan's power grid. 

GE also said it will help with plans for financing over $1 billion for the projects by working with multiple export credit agencies. 

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Source Fool.com