General Electric (GE) signed three contracts totaling about $2.7 billion with SPE, an affiliate of Sonelgaz, which is Algeria’s national electricity and gas company.
GE will supply heavy-duty gas turbine combined-cycle and aeroderivative gas turbine technology for nine power plants. The addition of nearly 9 GW of electricity will help strengthen Algeria’s power sector to help meet the growing requirements of the country.
The three agreements include six new combined-cycle power plants that will ultimately increase Algeria’s generating capacity by 70 percent adding more than 8 GW of electricity; two fast-track projects that add 528 MW of capacity for this summer’s peak demand; and a new simple-cycle power plant to add 370 MW to Algeria’s electricity grid.
Under the first agreement, GE has signed a $1.9 billion contract with SociÃ©tÃ© AlgÃ©rienne de Production de l’ElectricitÃ© (SPE Spa), part of the Sonelgaz Group, to provide power generation equipment and services for six new combined-cycle power plants. Together the plants will produce more than 8 GW of electricity generating enough power to help meet the equivalent of 8 million Algerian households, increasing the country’s energy capacity by nearly 70 percent.
The nine Sonelgaz power plants receiving the GE technology are located in northern Algeria and will begin simple-cycle duty in 2015 and combined-cycle operation in 2017.