International Electric Rigs Ltd

On June 8, EDC guaranteed up to $4.275 million in private-sector financing for International Electric Rigs Ltd (IER), an Edmonton-based supplier of electrical power equipment and machinery for the oil and gas industry. EDC’s guarantee for IER will facilitate domestic private sector financing in support of international contracts.

“EDC has been great to us, supporting our export projects and allowing us to grow in the oil drilling business,” said Ramiz Zakaria, President, International Electric Rigs Ltd.

International Electric Rigs Ltd is a Canadian-based company created in 1996 in Edmonton, Alberta, specializing in the design and manufacturing of electrical power equipment and mechanical equipment for oil field drilling rigs.