The largest contract, worth $1.9 billion, is for six combined cycle power plants that will add 8GW to Algeria’s generating capacity. The other two contracts comprise two fast-track projects that add 528MW of capacity for the summer peak demand, and a new simple-cycle power plant to add 370MW to Algeria’s grid.
The biggest contract is with Societe Algerienne de Production de l’Electricite, a unit of Algeria’s national electricity and gas company, Sonelgaz Group. GE said it also planned a joint venture with Sonelgaz to build a factory in Algeria to produce over 2GW of power generation equipment a year, creating nearly 400 jobs.