News DeskAlgiers, Algeria – GE Vernova’s Grid Solutions business (NYSE: GEV) and Sonelgaz, Algeria’s national electricity and gas company, announced an ambitious expansion of their joint venture, GE Algeria Turbines (GEAT). This strategic move, facilitated through the amendment of their existing agreement, signals a significant commitment to propel Algeria’s energy objectives forward.
Since its inception in 2014, GEAT has been at the forefront of manufacturing essential components for Algeria’s energy infrastructure. Now, with a redefined focus on producing high and extra-high voltage substations and other grid automation equipment, GE Vernova and Sonelgaz are poised to revolutionize the country’s power grid. This shift aligns with Algeria’s broader energy strategy, which includes integrating renewable energy sources into the grid for a more sustainable future.
Speaking on the collaboration, Mourad Adjal, CEO of Sonelgaz, expressed confidence in the partnership’s ability to bolster Algeria’s energy resilience and efficiency. He highlighted the transfer of knowledge and expertise as integral to this endeavor, paving the way for increased national potential in exporting electricity transmission equipment.
Philippe Piron, President and CEO of GE Vernova’s Electrification Systems businesses, echoed this sentiment, emphasizing the commitment to not only localize grid production but also nurture local talent and create job opportunities. This partnership represents a significant step towards modernizing Algeria’s grid infrastructure and accelerating its energy transition.
Algeria, with its vast landmass and burgeoning population, recognizes the importance of diversifying its energy mix to meet growing demand while reducing carbon emissions. The collaboration between GE Vernova and Sonelgaz will play a pivotal role in achieving these goals by facilitating the efficient transmission and distribution of electricity from renewable sources.
Moreover, the expansion of the GE Vernova and Sonelgaz relationship aligns with Algeria’s vision to enhance its grid infrastructure and become a net exporter of electricity to neighboring countries. This strategic partnership not only contributes to the development of Algeria’s energy sector but also underscores GE Vernova’s commitment to supporting sustainable growth in the region.
GE Vernova, following its recent spin-off from GE, remains deeply invested in Algeria’s energy landscape, employing over 300 people and providing comprehensive solutions across the power generation, transmission, and distribution sectors. As the country strides towards a greener future, the collaboration between GE Vernova and Sonelgaz stands as a beacon of progress in Algeria’s energy transition journey.
