GE Power, a unit of General Electric, has signed a deal with Algerian utility Sonelgaz to promote digital industrial transformation of Sonelgaz’s plants and strengthen local industrial capabilities. As informed on Al Bawaba, the deal is valued at more than $3b and represents the largest services contract in GE Power’s history.
According to The National, GE disclosed that the agreement will help to save up to $2b in gas that can be sold in international markets. The deal includes long-term operations and maintenance (O&M) services for 10 Sonelgaz plants that generate 11 GW of power, a capacity building system for energy efficiency that will deliver more than 420 MW of additional power with greater fuel efficiency, and the introduction of GE’s digital solutions, as stated by GE.
GE Power’s President and CEO, Steve Bolze, stressed that “the emphasis on building industrial capacity and the focus on the digital transformation of power plant assets are long-term investments in the future of the country.”
The agreement was signed by Sonelgaz SPE’s President and CEO, Sabri Lezhari, and GE Northwest Africa’s President and CEO, Touffik Fredj, in the presence of the Algeria’s Prime Minister, Abdelmalek Sellal, and other dignitaries at a ceremony that took place at GE Algeria Tubines (GEAT) plant in Ain Yagout.