|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 session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Mar. 24, 2017 03:56 PM EDT
VeriStor Systems has announced that CRN has named VeriStor to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments. In today’s fast-paced business environments, MSPs play an important role...
Mar. 24, 2017 03:00 PM EDT Reads: 2,055
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Mar. 24, 2017 02:45 PM EDT Reads: 2,490
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
Mar. 24, 2017 01:30 PM EDT Reads: 1,504
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
Mar. 24, 2017 01:15 PM EDT Reads: 3,791
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Mar. 24, 2017 01:15 PM EDT Reads: 470
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Mar. 24, 2017 12:45 PM EDT Reads: 254
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Mar. 24, 2017 12:45 PM EDT Reads: 1,812
FinTech is the sum of financial and technology, and it’s one of the fastest growing tech industries. Total global investments in FinTech almost reached $50 billion last year, but there is still a great deal of confusion over what it is and what it means – especially as it applies to retirement. Building financial startups is not simple, but with the right team, technology and an innovative approach it can be an extremely interesting domain to disrupt. FinTech heralds a financial revolution that...
Mar. 24, 2017 12:30 PM EDT Reads: 2,967
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 24, 2017 12:15 PM EDT Reads: 1,329
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
Mar. 24, 2017 12:15 PM EDT Reads: 895
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Mar. 24, 2017 12:00 PM EDT Reads: 1,828
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 24, 2017 12:00 PM EDT Reads: 1,590
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
Mar. 24, 2017 11:30 AM EDT Reads: 3,295
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Mar. 24, 2017 10:55 AM EDT Reads: 404