10/28/2008 05:12 am ET | Updated May 25, 2011

Iraq Signs Billion-Dollar Power Deals With GE, Siemens

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.

Read more on Reuters