|By Business Wire||
|September 23, 2013 06:01 AM EDT||
Marking some of its largest power agreements in company history, GE (NYSE:GE) today announced three contracts totaling approximately $2.7 billion with SPE, an affiliate of Sonelgaz—Algeria’s national electricity and gas company. GE is to supply proven and reliable heavy-duty gas turbine combined-cycle and aeroderivative gas turbine technology for nine power plants. The addition of nearly 9 gigawatts (GW) of electricity will help strengthen Algeria’s power sector to help meet the growing requirements of the country.
The three agreements include six new combined-cycle power plants that will ultimately increase Algeria’s generating capacity by 70 percent adding more than 8 GW of electricity; two fast-track projects that add 528 megawatts (MW) of capacity for this summer’s peak demand; and a new simple-cycle power plant to add 370 MW to Algeria’s electricity grid.
“These contracts are undoubtedly the most important acquisitions of SPE in the history of power generation in Algeria. This will create a wealth-generating vision that goes beyond a simple power plant construction agreement,” said Nabil Kafi, CEO of SPE. “This contract is an important step in realizing Sonelgaz’s strategy which involves the implementation of a series of industrial partnerships predicated on the use of local resources.”
Contract for Six New Power Plants; Planned JV for Production Facility
Under the first agreement, GE has signed a $1.9 billion contract with Société Algérienne de Production de l’Electricité (SPE Spa), part of the Sonelgaz Group, to provide power generation equipment and services for six new combined-cycle power plants. Together the plants will produce more than 8 GW of electricity generating enough power to help meet the equivalent of 8 million Algerian households, increasing the country’s energy capacity by nearly 70 percent.
For the six new combined-cycle power plants, GE is supplying the proven and reliable 9F 3-series gas turbines with more than 200 installed worldwide and more than 12 million operating hours. Using natural gas from local Algerian gas fields, the turbines will be equipped with GE’s latest Dry Low NOx (DLN) dual-fuel combustion technology to reduce emissions, extend maintenance intervals and enable the Sonelgaz power plants to operate with greater flexibility. The 9F-3 gas turbines will be manufactured at GE’s Greenville, S.C., facility, while the steam turbines and generators will be built in Schenectady, N.Y., for shipment to Algeria. Advanced technology gas turbines are one of the largest sources of cleaner energy exported from the U.S.
The nine Sonelgaz power plants receiving the GE technology are located in northern Algeria and will begin simple-cycle duty in 2015 and combined-cycle operation in 2017.
Additionally, GE announced the plan for a long-term joint venture with Sonelgaz for the development of a new production facility in Algeria that will eventually produce more than 2 GW of power generation equipment per year. The equipment will cater to the needs of future power plants demonstrating GE’s commitment to localization, knowledge transfer and development of the Algerian workforce. The new facility is expected to create, in due course, nearly 400 local skilled jobs and potentially more than 600 additional indirect jobs within the local supply chain.
Aeroderivative Gas Turbines Meet Fast Track Projects
For the second agreement, GE delivered within six months its advanced aeroderivative gas turbines to support Algeria in meeting its 2013 summer peak electricity demand. This followed the contract signed earlier by a consortium of GE and Power Projects Company, an affiliate of METKA, with Société Algérienne de Production de l’Electricité (SPE Spa), an affiliate of Sonelgaz, in October 2012 for nearly $800 million to supply 24 trailer-mounted TM2500+ aeroderivative gas turbines and services for two “fast-track” projects in northern Algeria, to produce more than 528 MW of power. METKA is the engineering, procurement and construction contractor in charge of the mobile balance of plant for the projects.
This agreement marked one of the largest orders ever received for GE’s aeroderivative technology, which delivers fast, flexible and reliable power anywhere, anytime. To date, 16 units are available to generate 352 MW of power for the provinces of Oum el Bouaghi (F’Krina) and M’Sila with an additional eight units and 176 MW of power generation scheduled to join the grid by the in 2013.
Contract for New Simple-Cycle Power Plant; Power Generation Services agreements
Under the third agreement, GE has received an order for more than $150 million to supply power generation equipment to Société Algérienne de Production de l’Electricité (SPE Spa), part of the Sonelgaz Group, for the Hassi R’mel simple-cycle gas turbine plant. The new plant will add approximately 370 MW of power for Algeria’s electricity grid.
In addition to supplying equipment for the new Sonelgaz affiliates plants, GE power generation services include new unit spares, technical direction and installation services and training to help increase the performance, flexibility and reliability of operations at the power plants.
“Our latest agreements with Sonelgaz underscore our continuing commitment to supply the best technology and services to assist Algeria in meeting its growing energy needs,” said Steve Bolze, president and CEO, GE Power & Water. “These recent announcements demonstrate GE’s capability to provide proven technology that can address both the immediate need for more power and the long-term energy requirements of a growing economy. In addition, the new GE-Sonelgaz industrial cooperation is further evidence that we are invested in the future of Algeria’s energy infrastructure.”
The new agreements build on more than 40 years of GE experience in Algeria, one of the world’s leading producers of natural gas. It expands an existing relationship between GE and Sonelgaz and its affiliates that includes a nearly $500 million service contract signed by the companies in 2008. That agreement is helping to improve efficiency, output and reliability of 51 gas turbines operating in 13 power plants across Algeria.
Energy demand in Algeria is estimated to be growing at an average annual rate of approximately 14 percent, rising from about 12 GW to 20 GW by 2017. The government is committed to boosting energy capacity through its investments in the power sector.
As Algeria progresses at a fast pace with a focus on infrastructure building, GE is committed to being the country’s growth partner through technology transfer, local jobs and skill training and strengthening operational efficiencies.
GE (NYSE:GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
About GE Power & Water
GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world’s most complex challenges related to water availability and quality. Power & Water’s six business units include Distributed Power; Nuclear Energy; Power Generation Products; Power Generation Services; Renewable Energy and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE’s largest industrial business.
Follow GE Power & Water on Twitter @GE_PowerWater.
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 28, 2016 11:30 AM EDT Reads: 2,835
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Sep. 28, 2016 11:21 AM EDT
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential. In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
Sep. 28, 2016 11:00 AM EDT Reads: 1,093
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Sep. 28, 2016 11:00 AM EDT Reads: 365
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Sep. 28, 2016 10:45 AM EDT Reads: 3,522
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 28, 2016 10:45 AM EDT Reads: 4,101
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Sep. 28, 2016 10:45 AM EDT Reads: 233
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Sep. 28, 2016 10:30 AM EDT Reads: 4,541
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
Sep. 28, 2016 10:30 AM EDT Reads: 2,933
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Sep. 28, 2016 10:15 AM EDT Reads: 3,249
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...
Sep. 28, 2016 10:00 AM EDT Reads: 1,088
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Sep. 28, 2016 10:00 AM EDT Reads: 2,213
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Sep. 28, 2016 10:00 AM EDT Reads: 4,398
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Sep. 28, 2016 09:45 AM EDT Reads: 5,094
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Sep. 28, 2016 09:15 AM EDT Reads: 3,169