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At the MEASA Partners Summit to Support the Energy Transition, GE Gas Power strengthens regional power sector supply chains.
Iraq-based Mawarid Tech Solutions, wins GE Gas Power’s annual regional ‘Key Supplier’ awards
Dubai, UAE; 10th May, 2022: GE Gas Power (NYSE: GE) hosted representatives from over 200 organizations in person and virtually at the Middle East, Africa, and South Asia (MEASA) Partners Summit 2022. The hybrid event is part of GE Gas Power’s ongoing efforts to strengthen collaborations with suppliers based in MEASA and help nurture the wider power sector industrial ecosystem in the region, with the goal of being better able to support customers’ evolving needs as we transition to a lower carbon energy future.
“Today, GE Gas Power has an active base of up to 1,500 suppliers from approximately 20 countries across MEASA and we have increased our spend in the region four-fold during 2018-2021. We are also actively providing training and development opportunities to more than 125 organizations in MEASA, to help them meet global standards of safety, quality, delivery, and competitiveness and expand their reach beyond the region to become a part of GE’s international supply chains,” said Joseph Anis, President & CEO of GE Gas Power Europe, Middle East, and Africa. “These efforts to strengthen regional supply chains are a win-win for all involved. They lead to faster turnaround times and greater competitiveness for our customers, help us diversify the networks we rely on to better respond to unanticipated risks and external shocks, and support national development goals through job creation and economic diversification in the communities we serve.”
GE Gas Power hosts the Partners Summit every year with the aim to help its suppliers better understand power sector trends, dive into market dynamics, identify further opportunities to work together, and collaborate more closely to reliably deliver the energy needed to power the region. This year’s event had a special emphasis on adapting to and mitigating the risks posed by current geopolitical tensions and security concerns, rising inflation, and the evolving COVID-19 pandemic. Also in focus was the need to support power sector stakeholders to reduce the carbon footprint of their operations and accelerate their transition to a cleaner energy future to help address the climate challenge, while still enabling them to provide reliable, affordable electricity for end users.
During the Summit, GE Gas Power also honored ‘Key Suppliers’ in an awards ceremony that recognized excellence in the areas of Safety, Quality, Delivery, Competitiveness, and Culture. Iraq-based Mawarid Tech Solutions was recognized for maintaining high quality when delivering goods and services. GE has supported the development of energy infrastructure in Iraq for over 50 years. The company has helped to build and service power plants and grid substations; rehabilitate power in liberated areas across Iraq; install innovations such as the Advanced Gas Path (AGP) upgrade solution to enhance the performance of installed gas turbines; train local professionals servicing the power sector; and more. Together with the Iraqi Ministries of Planning, Finance, and Electricity, GE has also collaborated with various financial institutions to help obtain over $2.4 billion in funding since 2015 for energy sector projects in the country.