The UAE’s ECI (Etihad Credit Insurance) this week confirmed to MEES that “second phase” $200mn cover for refurbishment of 1.5GW GE gas turbines owned by Iraq’s ministry of electricity has been approved but progress is being delayed by “internal procedures” at Iraq’s finance ministry. GE previously refurbished 20 non-operational gas turbines at Dubai’s Jebel Ali as part of its Power Up Plan 4.