Iraq inks $328m deal

BAGHDAD: Iraq has signed a $328 million deal with US company General Electric that will boost power output during peak summer months, officials said on Friday, although it falls far short of the country’s needs. The deal will make only a small dent in the country’s major summer production shortfall, which leaves Iraqis with just a few hours of government-provided power a day while temperatures can hit 50 degrees Celsius (120 Fahrenheit). Electricity Ministry Spokesman Musaab al-Mudarris said that the deal, which involves maintenance and improvements on more than 10 power stations in multiple provinces, would add between 700 and 1,000 megawatts to production capacity.