Power has been saved by GE’s big power deal over seas. Service work worth over $1billion so no layoffs anytime soon just moe free money.
REUTERS) - GENERAL Electric Co said it had signed two new agreements valued at over $1.2 billion with the Iraqi Ministry of Electricity, to undertake maintenance programs across key power plants in the country and bolster its transmission network.
The U.S. conglomerate was also working with multiple export credit agencies to facilitate financing of more than $1 billion for the projects, it said in a statement https://www.ge.com/news/press-releases/ge-scale-power-stability-through-two-new-agreements-iraqi-ministry-electricity on Wednesday.