Sonnys 26th prediction, evidence to support this

[zantac]

Well i am now a firm believer that this will be over by the 26th July

Found this on web site with a great deal of what sonny has been telling us, go sonny you rock

Link

http://www.gepower.com/about/press/en/2010_press/021710b.htm

Two Independent Power Plants in Kurdistan Featuring GE Technology Will Help Meet Northern Iraq’s Growing Energy Demands

BAGHDAD, IRAQ—February 17, 2010—GE (NYSE:GE) today announced the signing of contracts totaling approximately US$200 million to supply power generation equipment and services for two independent power projects in the Kurdistan region of Northern Iraq. The two projects will help support the region’s current and future power needs and the country’s overall efforts to develop its energy infrastructure.

Located in the Dohuk and Sulaimaniyah provinces of Kurdistan, both projects are being developed by Mass Global Investment Company, a leading developer of independent power plants. When the new projects are completed, it is expected that the total electricity capacity of Mass Global-developed power plants in the Kurdistan region will reach 1,750 megawatts, to help meet the increasing power demand.

GE will supply four Frame 9E gas turbine-generator units for the 500-megawatt, simple-cycle power plant in Dohuk; and two Frame 9E gas turbine-generator units to add 250 megawatts of capacity to the plant in Sulaimaniyah, for a total generating capacity of 750 megawatts. The two plants are scheduled to enter commercial service in the second half of 2010.

“These two projects are the latest in a series of independent power projects we are developing to help cover the shortage of power within the Kurdistan region. They also support the Kurdistan regional government’s initiative for the private sector to help meet the energy requirements in this region,” said Ahmad Ismail, chairman of Mass Global.

“Today’s announcement for the two private power projects in the Kurdistan region reflects GE’s continuing commitment to support energy infrastructure growth in Iraq and builds on our recent power generation agreements with the government of Iraq. This latest agreement also builds on our growing relationship with Mass Global to support their efforts to add much-needed electricity generation capacity in the Northern region of the country,” said Joseph Anis, GE Energy’s president for the Middle East.

Over the last four years, GE has supplied gas turbines for independent power projects developed by Mass Global in the Kurdistan region, which would help to add approximately 1,000 megawatts of generating capacity.

The latest contracts with Mass Global follow an announcement in 2008 that GE will supply the Iraqi Ministry of Electricity with power generation equipment for projects throughout Iraq that will help to add approximately 7,600 megawatts of electricity to support the country’s future economic growth.

GE has a long history of supporting Iraqi infrastructure needs in power generation, oil and gas, water processing, aviation and healthcare and over 120 GE power turbines are installed in the country today.

As the world’s leading supplier of gas turbines, GE is well positioned to help Iraq with its future needs for reliable and stable power generation. More than 6,000 GE gas turbines are installed worldwide and have accumulated more than 200 million of operating experience at high reliability levels. GE’s Frame 9 gas turbines, which will be used for the Iraqi projects, have demonstrated high reliability and performance in more than 450 applications around the world.

GE has been active in the Middle East since the 1930s and has management and project management offices as well as local repair and service facilities to serve customers throughout the region.

About GE

GE is a diversified global infrastructure, finance and media company that's built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With 60,000 global employees and 2009 revenues of US$37 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.

[quadraph0nic]

AWESOME FIND ZANTAC!

[Doc31]

Can you catch me up here? I don't understand. The $200Million has already been raised by the CBI via T-Bills. They did halt the last issue with no announcement of when they would sell more. But they have the money for GE and Siemens.

I'm not sure what Sonny said ... and I definitely don't understand why by July 26th nor even how this ties in.

Can you shed some more light on this for me please?

Thanks

Doc31

[nowhammies]

ok that is a great article regarding the power/equipment contracts but do we have something in writing that states when GE would get paid by Iraq...ie the 26th of July?

[SuperFlyJr]

My question is, didn't they already pay for this? So why does this specifically point to an RV? I understand you're just backing up Sonny1 saying GE has contracts in Iraq, but this doesn't seem to point to a huge billion+ dollar debt they have to settle.

[zantac]

Basically this is what i have read & yes they paid the $200 million but that was for only 4 turbines

Im not saying it indicates RV but sure backs up what sonny has posted

Sonny’s said that his source has ties with GE, sonny`s source has told him that Iraq needs equipment to continue with the oil production in this region.

GE will supply four Frame 9E gas turbine-generator units for the 500-megawatt, simple-cycle power plant in Dohuk; and two Frame 9E gas turbine-generator units to add 250 megawatts of capacity to the plant in Sulaimaniyah, for a total generating capacity of 750 megawatts. The two plants are scheduled to enter commercial service in the second half of 2010.

GE wants paying in a tradable currency, no payment, no equipment to continue with oil production.

Its something to do with the gas that is released when you drill for oil, I am no expert on oil drilling, but this all ties in with the 26th prediction.

The $200 million is for only 4 turbines.

“These two projects are the latest in a series of independent power projects we are developing to help cover the shortage of power within the Kurdistan region. They also support the Kurdistan regional government’s initiative for the private sector to help meet the energy requirements in this region,” said Ahmad Ismail, chairman of Mass Global.

This is just a little bit from one of the chat logos posted today

They (Iraq )already owe g.e 2.6 billion, and the additional pay is 3.9 trillion

Read more:

[SuperFlyJr]

They (Iraq )already owe g.e 2.6 billion, and the additional pay is 3.9 trillion

I saw that and thought it must have been a typo. No way they owe GE 3.9 trillion! He must have meant 3.9 billion... right?

[zantac]

Yes I thought 3.9 trillion was a typo if not they just as well give Iraq to G.E

I was thinking maybe this was what I was trying to get across.

Iraq

“We need what you got but cant afford to pay you”

GE

“No problem you tell use the rate & RV date then you give us x amount of dinar, when you finally RV we have the $3.9 billion you owe us as we will have enough dinar to cash in at the new rate, we then give you what you want”

Iraq

“Deal”

Does that make sense or am I urinating in the wind

[lechesuerte]

Yes I thought 3.9 trillion was a typo if not they just as well give Iraq to G.E

I was thinking maybe this was what I was trying to get across.

Iraq

“We need what you got but cant afford to pay you”

GE

“No problem you tell use the rate & RV date then you give us x amount of dinar, when you finally RV we have the $3.9 billion you owe us as we will have enough dinar to cash in at the new rate, we then give you what you want”

Iraq

“Deal”

Does that make sense or am I urinating in the wind

Thanks for the further explanation!!

[sdawson359]

16 December 2008

Government of Iraq Signs Power Generation Agreement with GE Energy Valued at Approximately $3 Billion Iraq Power Initiative Nearly Doubles Electricity Generation Capacity

Baghdad, Iraq—December 16, 2008—The Iraqi Ministry of Electricity and GE Energy announced today at a ceremony in Baghdad that they have signed an agreement for power generation equipment and services valued at nearly $3 billion to provide much-needed electricity to support Iraq’s future economic development. The announcement is a significant milestone as the country seeks to rapidly develop its energy infrastructure and increase its electricity production.

Under the agreement, GE Energy is providing heavy-duty frame 9E multi-fuel gas turbines capable of supplying 7,000 megawatts (MW) of electricity. The Government of Iraq plans to install the units at key sites around the country to provide needed support for the electricity grid. GE’s 9E gas turbine technology has proven reliability and performance in more than 400 applications worldwide.

“We are honored that the Government of Iraq has chosen GE to support its efforts to expand the country’s energy infrastructure,” said John Krenicki, GE vice chairman and president and CEO of GE Energy. “Electricity is the backbone for quality of life and economic growth. We can bring the strength and dependability of GE’s advanced power generating technology and services to Iraq’s mission to address long-term electricity demand.”

As the world’s leading supplier of gas turbines, GE Energy is well positioned to help Iraq meet its future needs for reliable and stable power generation. More than 6,000 GE gas turbines are installed worldwide and have accumulated more than 200 million hours of operating experience at unparalleled reliability levels.

Currently, Iraq’s daily power generation output averages less than 6,000 MW, while the demand is typically more than 10,000 MW. The GE turbines can provide a platform for power stability thus helping address electricity shortages and position Iraq for future economic growth.

The agreement follows the Government of Iraq’s previous order with GE in May 2008 for eight gas turbines capable of generating 600 MW to meet short-term power requirements in Iraq.

As part of the agreement, GE Energy will also provide technical advisory services, performance testing and spare parts to support the reliable operation of the turbines. In addition, GE will provide technical and management training in order to help Iraq strengthen its power sector workforce for the future.

GE has a long history with Iraq and its infrastructure, one that dates back to the 1970s. There are 120 GE power turbines installed in Iraq today. Since 2003, GE has been supporting Iraq infrastructure needs in power generation, oil and gas, water processing, aviation and healthcare. “We are proud of our heritage in Iraq and hope to build on this foundation by continuing this successful partnership well into the future,” concluded Krenicki.

GE has been active in the Middle East since the 1930s and today has regional management and project management offices as well as local repair and services facilities locally to serve its customers in the region.

About GE Energy

GE Energy (www.ge.com/energy) is one of the world’s leading suppliers of power generation and energy delivery technologies, with 2007 revenue of $22 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE’s corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.

About GE

GE is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com. GE is Imagination at Work.

[mrparrot]

Can I please ask a really silly question?

When you take into account where Iraq is located,

and how much sun they get, wouldn't a really large

solar power system be a great idea?

Sure, the turbine systems are great, too, but with

the amount of sun they get, what would it take for

a solar energy company to come into Iraq and maybe

start installing individual home units while setting up

a large-scale project?

No, I'm not a long-haired-tree-hugging-hippie-environmentalist-wacko.

I'm just looking at pieces and trying to make them fit together

in a logical way.

By the way, wouldn't that be a kick in the pants for the oil companies?

Iraq, a soon-to-be large producer of oil, going "green" with their

electricity generating program?

Just picture it.

Iraq is using solar to generate electricity and, after the RV,

thousands and thousands of Iraqi' driving electric cars...

[pourit]

mrparrot: Solar Power won't work there because parliment would just argue who's idea it was and besides...I just don't believe the are capable of it. They would have to have a couple of bombings and rock throwings at the panels first. Maybe in 10 or 20 years. Sounds good to me though.

[krucialmix]

I am all for Sonny's prediction and hope and pray it comes true.

However, I don't see how he can be so sure. My prediction or potential scenario, that company gets a call on July 20 stating that their pay schedule has been changed and they will be paid by August 26. I mean, any number of things could easily delay a contractor payment. So they hold onto the product until they are paid. It's not so out of the question, right!

I just find it hard to believe if they are not ready to RV by July 25 they will go "oh wait, we have to pay GE and Seimens and (insert company name here) so we HAVE TO RV TONIGHT.

Hope I'm wrong.

[zantac]

Its not about the power it has something to do with control of the natural gas that is released when drilling or tapping in to the wells.

I believe that if not controlled correctly it ca be dangerous to health of the workers or potentially lethal.

Not sure but its more than power

[lgraham]

Its not about the power it has something to do with control of the natural gas that is released when drilling or tapping in to the wells.

I believe that if not controlled correctly it ca be dangerous to health of the workers or potentially lethal.

Not sure but its more than power

Zantac,

I don't know if you are aware of this or not. But, It was this natural gas you mentioned that was the cause of the explosion on the oil rig in the gulf. Very dangerous stuff!!!

Lgraham

[zantac]

Zantac,

I don't know if you are aware of this or not. But, it was this natural gas you mentioned that was the cause of the explosion on the oil rig in the gulf. Very dangerous stuff!!!

Lgraham

I was aware of this but didn’t want to use it as reference considering it is such bad news for all involved in the USA

I wish all involved the very best to rectify what now has become a very grave concern for all

[dollarsense]

Great post

[bribar1]

I have no doubt that GE has built the safeguard of their payment into the contract. This isn't their first rodeo. The power does more than just put out electricity. It shows the people of people of the region that the country is heading in a stable direction. Remember, the more stable the life in Iraq, the harder things are on the insurgents. Electricity and water are the two biggest complaints right now from the people (the government is up on the list too). This is a huge positive step in the right direction.

It also falls into what Sonny1 has been saying. I'm not saying he's right ( we will see) but it sure has put some much needed excitement in me!! GO July 26 RV!

[Doc31]

Are you sure about the 3.9 trillion ... you are right, just hand over the country for 20 or so years!!

However, $3.9Billion divided by $2.6 Billion on a mathematical RV would be $1.50 ... as you suggested ... give 'em the colored toilet paper that would equal post RV numbers ... I realize that what we have above is dollars but giving them the commensurate IQD with a "hold for a bit, boys (proviso) and you'll have your money" might fit the scenario.

... I know it's a stretch ... but I'm in that kind of mood ... LOL ... a couple of days of prima donna MP's saying " I do ... LUNCH!" and then making sure that the session was purposely left open so that the 30 day clock wouldn't start ... so that they can argue about which Uncle, brother, cousin has to have a government job before they will vote corporately and the UNSC extolling Kuwait's willingness to fund a $1M UN/Red Cross search fund rather than discuss the "real issue" at hand kind of left me in that mood ... don't ya' know?!

If I created a new rate conspiracy ... great ... but I direct you to November 2009 when the rate was $1.49 (or the exact rate of the Euro on those days)

Regardless

Peace

Doc31

[zantac]

Are you sure about the 3.9 trillion ... you are right, just hand over the country for 20 or so years!!

However, $3.9Billion divided by $2.6 Billion on a mathematical RV would be $1.50 ... as you suggested ... give 'em the colored toilet paper that would equal post RV numbers ... I realize that what we have above is dollars but giving them the commensurate IQD with a "hold for a bit, boys (proviso) and you'll have your money" might fit the scenario.

... I know it's a stretch ... but I'm in that kind of mood ... LOL ... a couple of days of prima donna MP's saying " I do ... LUNCH!" and then making sure that the session was purposely left open so that the 30 day clock wouldn't start ... so that they can argue about which Uncle, brother, cousin has to have a government job before they will vote corporately and the UNSC extolling Kuwait's willingness to fund a $1M UN/Red Cross search fund rather than discuss the "real issue" at hand kind of left me in that mood ... don't ya' know?!

If I created a new rate conspiracy ... great ... but I direct you to November 2009 when the rate was $1.49 (or the exact rate of the Euro on those days)

Regardless

Peace

Doc31

Read more:

So were mates then Doc31 or have i read this wrong

[sdawson359]

The Turbines actually run on the natural gas, by products are steam( used also to produce energy ) they also provide Mechanical services such as Pumps to move product thru the pipelines.

[lgraham]

Are you sure about the 3.9 trillion ... you are right, just hand over the country for 20 or so years!!

However, $3.9Billion divided by $2.6 Billion on a mathematical RV would be $1.50 ... as you suggested ... give 'em the colored toilet paper that would equal post RV numbers ... I realize that what we have above is dollars but giving them the commensurate IQD with a "hold for a bit, boys (proviso) and you'll have your money" might fit the scenario.

... I know it's a stretch ... but I'm in that kind of mood ... LOL ... a couple of days of prima donna MP's saying " I do ... LUNCH!" and then making sure that the session was purposely left open so that the 30 day clock wouldn't start ... so that they can argue about which Uncle, brother, cousin has to have a government job before they will vote corporately and the UNSC extolling Kuwait's willingness to fund a $1M UN/Red Cross search fund rather than discuss the "real issue" at hand kind of left me in that mood ... don't ya' know?!

If I created a new rate conspiracy ... great ... but I direct you to November 2009 when the rate was $1.49 (or the exact rate of the Euro on those days)

Regardless

Peace

Doc31

Doc31,

I always love your math....... Now I think I like your conspiracy also!!!!!

Peace,

Lgraham

[Traconesu02]

Can I please ask a really silly question?

When you take into account where Iraq is located,

and how much sun they get, wouldn't a really large

solar power system be a great idea?

Sure, the turbine systems are great, too, but with

the amount of sun they get, what would it take for

a solar energy company to come into Iraq and maybe

start installing individual home units while setting up

a large-scale project?

No, I'm not a long-haired-tree-hugging-hippie-environmentalist-wacko.

I'm just looking at pieces and trying to make them fit together

in a logical way.

By the way, wouldn't that be a kick in the pants for the oil companies?

Iraq, a soon-to-be large producer of oil, going "green" with their

electricity generating program?

Just picture it.

Iraq is using solar to generate electricity and, after the RV,

thousands and thousands of Iraqi' driving electric cars...

mrparrot - They may have already been working on solar power.

http://articles.lati...orld/fg-solar14

http://www.csmonitor...01s04-usmi.html

http://www.renewable...ild-its-economy

http://www.treehugge...clinic-iraq.php

http://www.treehugge...clinic-iraq.php

http://iraqisolar.com/

http://www.geni.org/...raq/index.shtml

These are just a few of the links I found on solar power used in IRAQ

[jimanita]

mrparrot: Solar Power won't work there because parliment would just argue who's idea it was and besides...I just don't believe the are capable of it. They would have to have a couple of bombings and rock throwings at the panels first. Maybe in 10 or 20 years. Sounds good to me though.

I also think that the build up of sand would also hinder the output of solar power plants and make wind next to impossible JMHO

[keepmwlknfny]

This isent evidence of a 26th prediction....just shows that GE is doing a lot of work and does have energy contracts with Iraq....doesnt say they have stopped working or that they are waiting to get paid...doesnt even say that it all has or hasent been paid....I would love it to happen just as much as anyone else...but when you are saying you have evidence, specific to a 26th of July RV date, you actually need to come with evidence of what your claiming.....this does not prove anything close to an RV on the 26th.....just that GE is doing work with Iraq to help with the power situation.....nothing more....dont get so excited....yes this is good....but does not prove or guarentee anything....use your words more carefully when making posts...and please tell me how you can prove a PREDICTION if it hasent happened yet? just give this thing time everyone....it will happen....but lets not be so stuck on one date....we have to give them time to get their govt together first....thats whats most important to them and for the country right now...nothing else

Edited June 16, 2010 by keepmwlknfny