GE Power signs $3 billion contract with Algeria

• 8 years ago (2017-04-25)
• David Flin

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GE Power has signed a services contract worth over $3 billion with Sonelgaz SPE, an Algerian utility. This is GE’s largest ever industrial order.

Under the terms of the agreement, GE will provide long-term maintenance services for 10 power plants in Algeria. GE will train more than 1000 workers, and create about 300 jobs.

In 2013, under a similar arrangement, GE signed a $2.7 billion deal with Sonelgaz to supply gas turbines and other services to nine power plants.