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GE Signs Contract Worth $2.7 Billion with SPE
Green Technology Featured Articles
September 25, 2013

GE Signs Contract Worth $2.7 Billion with SPE

By Rahul Arora
TMCnet Contributor

GE recently announced that it has signed three contracts worth approximately $2.7 billion with SPE, an affiliate of Sonelgaz—Algeria’s national electricity and gas company. According to the terms of the agreement, GE will be responsible for supplying gas turbine combined-cycle and aeroderivative gas turbine technology for nine power plants.


According to the terms of the first agreement, GE will provide power generation equipment and services for six new combined-cycle power plants of Société Algérienne de Production de l’Electricité (SPE Spa), part of the Sonelgaz Group. As per the second contract, GE delivered within six months its advanced aeroderivative gas turbines to support Algeria in meeting its 2013 summer peak electricity demand. The third contract is for GE to supply power generation equipment to Société Algérienne de Production de l’Electricité (SPE Spa), part of the Sonelgaz Group, for the Hassi R’mel simple-cycle gas turbine plant.

“These contracts are undoubtedly the most important acquisitions of SPE in the history of power generation in Algeria. This will create a wealth-generating vision that goes beyond a simple power plant construction agreement,” said Nabil Kafi, CEO of SPE. “This contract is an important step in realizing Sonelgaz’s strategy which involves the implementation of a series of industrial partnerships predicated on the use of local resources.”

“Our latest agreements with Sonelgaz underscore our continuing commitment to supply the best technology and services to assist Algeria in meeting its growing energy needs,” said Steve Bolze, president and CEO, GE Power & Water. “These recent announcements demonstrate GE’s capability to provide proven technology that can address both the immediate need for more power and the long-term energy requirements of a growing economy. In addition, the new GE-Sonelgaz industrial cooperation is further evidence that we are invested in the future of Algeria’s energy infrastructure.”

In related news, GE Healthcare, a division of General Electric Company, is highlighting a number of new advanced imaging technologies and software capabilities at the 55th Annual American Society for Radiation Oncology (ASTRO) Meeting in Atlanta. Advances showcased include offerings in Computed Tomography (CT), Magnetic Resonance (MR), and Positron Emission Tomography-CT (PET/CT) that address vital clinical and technology needs in radiation oncology like never before.




Edited by Ryan Sartor


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