GE, Algeria Announce Nearly $3B In New Power Contracts

Law360, New York (September 23, 2013, 4:52 PM ET) -- General Electric Co. has signed three contracts worth nearly $3 billion with an affiliate of Algeria’s national electricity and gas company Sonelgaz, in a move that will increase the North African country’s generating capacity by 70 percent, GE said Monday.

The company said its three deals with SPE, totaling about $2.7 billion, represent some of the largest in its history. Under the agreements, GE will supply heavy-duty gas turbine combined-cycle and aeroderivative gas turbine technology for nine power plants, adding almost 9 gigawatts of electricity to...
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