Government of Iraq

Iraq GE Electrical Substations Phase 2 – Bpifrance Covered Financing

Borrower(s)
Government of Iraq
Industry
Power/Electricity transmission
Area of finance
Export & Agency Finance
Region
Middle East
Middle East
Countries
Iraq

Deal Overview

Bpifrance is covering a $454 million loan to the Republic of Iraq. The proceeds will be used to finance Phase 2 of Principles of Cooperation contract with GE. GE Vernova will supply a turnkey solution for GIS electrical substations and OHTLs.

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Deal Volume
$454.38m
Financial Close
10/07/2025
Dealmakers
Sources
Submitted by participant(s)

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