HomeCoal FiredEquipmentBig win for GE in Algeria

Big win for GE in Algeria

General Electric (GE) has announced signing a $1.9bn contract to supply gas turbines in Algeria, a major boost for its struggling power turbine business.

The company has signed a deal with Société Algérienne de Production de l’Electricité, a unit of Algeria’s national electricity and gas company, Sonelgaz Group to supply 26 heavy duty gas turbines for six power plants.

GE gas turbine
Recession has hit generator sales hard in developing economies, which has led GE to prioritise emerging markets in an attempt to restore profitability.

To put in perspective, GE received orders for just eight turbines in the first quarter and globally just 24 orders in the second quarter of 2013.

Algeria plans for the six new combined cycle plants to increase generating capacity by 70 per cent and the deal will add 8 GW of power in the country by 2017.

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