MoU Between Sonelgaz and General Electric Vernova for New Market Exports
The Algerian power company Sonelgaz group signed several memoranda of understanding with “General Electric Vernova” on Tuesday in London, UK. These agreements aim to facilitate the export of electrical and gas equipment from the “General Electric Algeria Turbines” (GEAT) plant in Batna to new international markets, as stated in a press release by the group.
The signing ceremony took place with Sonelgaz represented by its CEO, Mourad Adjal, and “General Electric Vernova,” represented by its Vice President for Gas Energy, Joseph Anis, along with Philippe Piron, CEO of the company’s electrical systems, according to the statement.
These memoranda detail the export of electrical and gas equipment, particularly gas turbines and network equipment essential for energy transfer, the same source noted.
Sonelgaz regards these memoranda as “a significant step” in its collaboration with “General Electric Vernova” concerning the export of gas turbines and equipment for high and very high voltage power plants through their joint project, the “GEAT” plant in Batna. The initiative is intended to “strengthen Sonelgaz’s presence in international energy industry markets.”
The signed agreements reflect “the commitment of both parties to developing their partnership” and represent “an important stride towards achieving national industrial development goals, optimizing local added value, and increasing market shares in international markets,” the statement added.
The memoranda encompass local manufacturing of equipment at the GEAT plant in Batna and the marketing of various types of gas turbines and high and very high voltage power plant equipment, with an integration rate of up to 35% of total capacity for those exceeding 20 GW, as specified by Sonelgaz. Additionally, it was highlighted that the export destination will be a country in the Middle East.
Moreover, the agreements include plans for exporting two gas turbines to another Middle Eastern country in the fourth quarter of this year, accompanied by necessary energy transport equipment.
They also involve arrangements for on-site training to leverage expertise in supervision and control.
This collaboration will enable Sonelgaz to solidify its position as a key player in enhancing national industrial capabilities in the energy sector while strengthening its regional and global presence, according to the text.
This partnership follows recent initiatives launched by the group, aligned with the vision of the country’s high authorities, aimed at fostering a competitive national industry, supporting economic diversification, and actively contributing to the export of non-hydrocarbon products, the statement recalls.
Furthermore, this partnership reflects “Sonelgaz’s commitment to creating jobs, enhancing human resource skills, and fostering a more diversified economy open to external markets,” the statement concludes.
