METKA S.A. has announced the signing of a new contract with Société Algérienne de Production de l’Electricité (SPE Spa), in consortium with General Electric (NYSE: GE) for development of a new gas-fired power plant.

The project concerns the engineering, procurement, construction (EPC) and commissioning of an open cycle gas turbine power plant with two gas turbines and a total output of 368 MW located in Hassi R’mel, Algeria.
GE gas turbine
The total value of the deal is approximately $120m with a contracted schedule of 29.5 months.

This is Greek multinational METKA’s third major project in Algeria and highlights the company’s commitment towards establishing a strong presence in regional growth markets.

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