GE gets $1.9 billion Algerian power deal - WSJ


(Reuters) - General Electric Co (NYS:GE) signed a $1.9 billion (1.2 billion pounds) contract with Algeria to supply turbines for six power plants, the Wall Street Journal reported.

Under the deal Société Algérienne de Production de l'Electricité, a unit of Algeria's national electricity and gas company, Sonelgaz Group, bought 26 heavy duty gas turbines from GE, the Journal said.

The turbines are for six new combined-cycle power plants that will add 8 gigawatts of power in Algeria by 2017 and aim to increase the country's generating capacity by 70 percent, the Journal reported.

(Reporting by Sagarika Jaisinghani in Bangalore; Editing by Louise Heavens)

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