GE releases 4Q’16 earnings.
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Baghdad, Iraq - January 18, 2017 - GE (NYSE:GE) announced today that it has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The announcement further strengthens GE’s collaborations in Iraq to support the country’s power infrastructure and meet the growing need for electricity.
GE signed agreements that will add over two gigawatts (GW) of power and secure the delivery of ~1.75 GW of existing power to the national grid:
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GE releases 3Q’16 earnings.
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- Multiyear Agreement for GE’s Power Services Business in Iraq to Cover Two Phases of the 3- Gigawatt Gas-Fired Power Plant
- GE Power’s Digital Power Plant Solutions to be Implemented for the First Time in Iraq to Drive Power Plant Reliability to Improve Operations
BAGHDAD-September 8, 2016-GE (NYSE: GE) signed a multiyear agreement in Iraq with Mass Energy Group Holding.
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GE reported GAAP continuing operations EPS of $0.36 and Industrial operating + Verticals EPS of $0.51, +65%.
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- Framework Agreement to support fleet performance improvement to drive sustainability of growth of nation’s economy
- Plans to set up country’s first Monitoring & Diagnostics Center that will enable real-time predictive maintenance, reduced downtime & improved operational efficiency of Iraq Ministry of Oil’s fleet
- Agreement to partner on an end-to-end solution to reduce gas flaring in Iraq oil fields and use for power generation
- First-of-its-kind financing partnership with Iraq Ministry of Finance to support delivery of strategic pro
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GE announced first-quarter 2016 Industrial Operating + Verticals EPS of $0.21, up 5% from the first quarter of 2015.
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- GE Extends Support in Project Financing for the Ambitious Power Infrastructure Upgrade
- Technology Upgrades, Advanced Solutions and Maintenance to Generate Added Power from the MoE’s Fleet of GE’s Heavy-Duty Gas Turbines across the Country
- Underlines Long-Term Commitment of GE to Support Iraq’s Developmental Plans
BAGHDAD-January 28, 2016-GE (NYSE: GE) is signing a power up plan with the Iraqi Ministry of Electricity (MoE) for critical electricity generation and maintenance projects throughout the country.
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GE announced fourth-quarter 2015 Industrial operating + Verticals EPS of $0.52, up 27% from the fourth-quarter of 2014.
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GE announced third-quarter 2015 Industrial Operating + Verticals EPS of $0.29, +16%.
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