mémorandums d’entente entre « Sonelgaz » et « General Electric Vernova » pour l’exportation vers de nouveaux marchés

Summary of the Memorandum of Understanding Between Sonelgaz and General Electric Vernova

On Tuesday, in London, the Algerian energy group Sonelgaz signed multiple memorandums of understanding (MoUs) with General Electric Vernova. This partnership aims to facilitate the export of electrical and gas equipment produced at the General Electric Algeria Turbines (GEAT) plant in Batna to new international markets.

Key Participants and Objectives

The MoUs were signed by Mourad Adjal, the CEO of Sonelgaz, and representatives from General Electric Vernova, including Joseph Anis, Vice President of Gas Power, and Philippe Piron, CEO of Electrical Systems. This collaboration indicates a strategic move to enhance Sonelgaz’s export capabilities, particularly in gas turbines and necessary energy transmission equipment.

According to Sonelgaz, these agreements reflect a significant advancement in their cooperative efforts with General Electric Vernova, emphasizing the goal of solidifying Sonelgaz’s footprint in international energy markets.

Manufacturing and Export Plans

The agreements entail the local fabrication of gas turbines and high-voltage electrical equipment at the GEAT facility in Batna. Sonelgaz stated that they aim for a local integration rate of 35% for projects exceeding 20 MW, marking a progressive step towards producing equipment that meets international standards. Notably, plans are in place to export two gas turbines to a Middle Eastern country in the fourth quarter of this year, along with the essential energy transport equipment.

Training and Capacity Building

In addition to manufacturing exports, the MoUs include provisions for on-site training to enhance expertise in supervision and operational management. This initiative aims to bolster Sonelgaz’s role as a crucial player in uplifting national industrial capacities within the energy sector, enabling them to further establish a presence in both regional and global markets.

Alignment with National Vision

This partnership aligns with Algeria’s broader vision of fostering a competitive national industry and diversifying the economy. It emphasizes the country’s commitment to boosting exports of non-hydrocarbon products. Furthermore, Sonelgaz’s engagement in this collaboration showcases its dedication to job creation, enhancing human resource competencies, and supporting an open economy geared towards international markets.

Conclusion

Overall, the MoUs between Sonelgaz and General Electric Vernova signify a vital step toward expanding Algeria’s industrial capabilities in the energy sector and solidifying the nation’s presence in global markets while emphasizing local manufacturing and training initiatives. This collaborative approach is expected to lead to sustainable economic growth and an increased share in international energy markets.