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GE Wins $2.7 Billion in Algerian Power Orders From Sonelgaz

Sept. 23 (Bloomberg) -- General Electric Co. won contracts for $2.7 billion from a unit of Sonelgaz, Algeria’s national electricity and gas company, in one of the U.S. company’s largest power-plant orders ever.

GE will supply gas turbine combined-cycle and aeroderivative gas turbine technology for nine power plants in the country, adding almost 9 gigawatts of electricity to help meet rising demand in that country, Fairfield, Connecticut-based GE said in a statement today.

Energy demand in Algeria is growing at an estimated average annual rate of about 14 percent, GE said, rising from about 12 gigawatts to 20 gigawatts by 2017. Algeria’s government is committed to boosting energy capacity, GE said.

“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,” Steve Bolze, head of GE Power & Water, said in the statement.

To contact the reporter on this story: Kim McLaughlin in Stockholm at kmclaughlin6@bloomberg.net

To contact the editor responsible for this story: David Risser at drisser@bloomberg.net

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