Greek EPC company METKA has signed a deal worth €92m ($118m) to build a gas plant in Algeria.

The contract is with Société Algérienne de Production de l’Electricité (SPE Spa), part of major Algerian electricity utility Sonelgaz Group.

METKA will build the open cycle gas turbine plant with a total output of 368 MW at Hassi R’mel as part of a consortium with GE.

The deal marks METKA’S third major project in Algeria.

Meanwhile, METKA’s parent company MYTILINEOS Group has posted a first quarter consolidated turnover of €356.5m, against €358.6m in 2012.

Turnover for METKA was €134m, down from €170.7m in 2012, while its earnings before interest, tax, depreciation and amortization stood at €22.9m against €27.8m last year.

MYTILINEOS’ overall results were boosted by the performance of its energy sector, with turnover rising from €77.4m in Q1 of 2012 to €113.9m in the first quarter of this year.

In a statement, MYTILINEOS said its energy sector “is expected to post significant gains from the management of their natural gas supply sources”.

It added: “The group is also eagerly awaiting the developments that will accelerate deregulation, will restore liquidity and will lift the distortions in the domestic markets for electricity and natural gas, and thus reduce energy costs for consumers.”