Diversified conglomerate General Electric Co. (GE) Monday announced three contracts with affiliate of Sonelgaz, SPE, Algeria's national electricity and gas company, for about $2.7 billion. The three agreements include six new combined-cycle power plants that will increase Algeria's generating capacity by 70 percent, adding more than 8 GW of electricity, two fast-track projects that add 528 megawatts of capacity for this summer's peak demand, and a new simple-cycle power plant to add 370 MW to Algeria's electricity grid.
As per the first agreement, GE has signed a contract worth $1.9 billion with SPE Spa, part of the Sonelgaz Group, to provide power generation equipment and services for six new combined-cycle power plants. 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.
The second agreement, follows the contract signed earlier by a consortium of GE and Power Projects Company, an affiliate of METKA, with SPE Spa, pursuant to which GE delivered within six months its advanced aeroderivative gas turbines to support Algeria in meeting its 2013 summer peak electricity demand. To date, 16 units are available to generate 352 MW of power with an additional eight units and 176 MW of power generation are to join the grid by the in 2013.
Under the third agreement, GE has received an order for more than $150 million to supply power generation equipment to SPE Spa, for the Hassi R'mel simple-cycle gas turbine plant. The new plant will add about 370 MW of power for Algeria's electricity grid.
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