November 20, 2007 / 8:04 PM / 12 years ago

UPDATE 1-Algeria awards $4.1 bln of power plant deals

(Adds details on power stations, background)

ALGIERS, Nov 20 (Reuters) - Alstom (ALSO.PA), General Electric (GE.N) and two other engineering companies won deals worth $4.1 billion on Tuesday to build power stations in Algeria, the north African country’s state electricity company Sonelgaz said.

A consortium of France’s Alstom and Egypt’s Orascom Construction Industries (OCI) OCIC.CA OCICq.L will build a combined-cycle plant in the Ain Temouchent region 400 km (250 miles) west of Algiers, a project lasting 45 months.

U.S. conglomerate General Electric and Spanish power company Iberdrola (IBE.MC) will join up to build another over 48 months in the El Tarf region 600 km (375 miles) east of Algiers.

The contracts are worth $1.98 billion and $2.15 billion respectively and the plants will each have capacity of 1,200 MW.

“The tender, which attracted real competition, was very transparent,” Sonelgaz Chief Executive Noureddine Bouterfa said at a ceremony in Algiers.

Power generation capacity currently stands at about 7,000 MW in Algeria, which is seeking to meet growing local demand. (Reporting by Hamid Ould Ahmed, editing by Maureen Bavdek)

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