Latest news with #TaurusEnergy
Iraq Business
29-04-2025
- Business
- Iraq Business
GE Vernova to Upgrade Bazyan Power Plant
By John Lee. GE Vernova has announced plans to install its new AGP XPAND upgrade at the 1,250 MW Bazyan [Bazian] Power Plant in Iraqi Kurdistan, operated by Taurus Energy [Taurus Arm], part of the Onex Group. The announcement was made at a ceremony in Sulaymaniyah, attended by H.E. Qubad Talabani, Deputy Prime Minister of the Kurdistan Regional Government (KRG), and H.E. Kamal Mohammad Salih Khalil, Minister of Electricity. The AGP XPAND upgrade, building on GE Vernova's Advanced Gas Path (AGP) technology, is designed to boost the output of 9E.03 gas turbines by up to 7 percent, improve efficiency by approximately 1 percent, and increase exhaust energy by up to 2.6 percent-enhancing both steam and power production capabilities for combined heat and power plants. Bazyan Power Plant, powered by four 9E.03 and two 9F.04 turbines, will be the first site globally to deploy this technology. The upgrade is expected to enhance capacity and supply additional electricity to the Kurdistan Region, Mosul, and Salahaldin, according to a statement from GE Vernova. Additionally, Taurus Energy signed a 17-year long-term service agreement with GE Vernova, including Iraq's first 9E Rotor Life Extension package, strengthening their strategic collaboration. (Sources: GE Vernova; Qubad Talabani)
Rudaw Net
28-04-2025
- Business
- Rudaw Net
US energy giant inks $100 million deal for Sulaimani plant
Also in Kurdistan KDP, PUK yet to reach agreement on government positions: Sources Kurdish artist proud as President Barzani gifts his painting to Jordan's King Drone attack injures three Peshmerga in Duhok province: Sources Initiative to digitize Peshmerga health data launched in Erbil A+ A- ERBIL, Kurdistan Region - A major $100 million deal was signed on Sunday between US energy giant General Electric (GE) and Sulaimani-based Taurus Arm to develop the Bazyan power plant. 'A major agreement signed today between Taurus Energy and General Electric—proof that Kurdistan is open for business with the world's biggest companies. Proud to see global giants partnering with local firms to drive development. Slemani continues to lead Iraq in investment,' Deputy Prime Minister Qubad Talabani wrote on X. Speaking at the contract signing ceremony, Talabani said that the Kurdistan Region has plans to become a major regional exporter of electricity. The Bazyan power plant, a 500-megawatt facility in Sulaimani operated by Taurus Arm, supplies electricity to over 1.5 million homes in Iraq, including in regions such as Mosul, Kirkuk, and Salahaddin. Rasheed al-Janabi, GE Vernova-Iraq president, explained that new technology will be used at the plant to increase reliability and efficiency significantly, decrease costs, and reduce operational risks. Using the technology, the plant aims to increase its production to approximately 1,500 megawatts, using the same amount of gas, according to Janabi. Saad Tayeb Hassan, CEO of Taurus Energy, said that 'GE will implement all repairs, new technologies, and any global innovations' as part of the agreement, noting that the deal will allow for 'more electricity production with less fuel, which will reduce the cost of electricity for the Kurdistan Regional Government.' In 2022, GE Gas Power signed a 16-year agreement with Taurus Energy to provide parts, repairs, and services for two turbines at the Bazyan power plant. At the ceremony, US Consul General Steve Bitner expressed his desire to see more partnerships between American, Iraqi, and Kurdish companies. Unreliable electricity is a frequent headache in the Kurdistan Region. High demand, financial problems, and a shortage of fuel supplies mean power stations in the Kurdistan Region cannot always operate at full capacity, and the electricity ministry has been incapable of providing round-the-clock power. When the national supply cuts out, people rely on private diesel-fueled generators that are costly and polluting.
