GE signs $2.7 billion power deal with Algeria

• 11 years ago (2013-09-24)
• David Flin

Africa 322 Asia 894 Australasia 56 Biomass 8 Climate change 21 Coal 298 Cogeneration 1 Concentrating solar 5 Cyber security 8 Decarbonisation 1 Decentralised energy 6 Demand side management 3 Demand side response 2 Digitalisation 10 Distributed energy 10 Distribution 122 Electric vehicles EVs 4 Emissions 65 Energy management 2 Equipment 2 Europe 1089 Gas 394 Gas engine plant 64 Gas fuel 2 Horizon 2 Hydroelectric 17 Hydrogen 60 Hydropower 131 Latin America 80 Maintenance 3 Marine 1 Metering 2 microgrid 5 Middle East 327 North America 1021 Nuclear 660 Offshore wind 121 Oil 19 Operations 4 Policy 9 Regulations 3 Renewables 777 smart grid 2 Solar 273 Storage 45 substation 8 Tepco 2 Tidal 2 Toshiba 4 Transmission 191 US Senate Washington 4 Wind 257

---

GE has signed three contracts to sell $2.7 billion in power plants to Algeria, as the country seeks to massively increase its generation capacity. Energy demand in Algeria is growing at an average annual rate of 14 per cent, rising from its current level of 12GW to 20GW by 2017.

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.