GE deal with Algeria — $2.7 billion turbine order

The country of Algeria placed a $2.7 billion order with GE in Schenectady, N.Y. for power plant turbines and generators — one of the largest orders in GE’s history.

The GE plant in Schenectady will produce 12 steam turbines for six new combined-cycle power plants being built in Algeria.

GE spokeswoman Chris Horne told The Times Union that “steam turbines each take between 12 and 18 months to build, and that the Algerian order will provide ‘a significant portion’ of the factory’s work over the next two years.”

The Schenectady plant employs 1,150 hourly workers —450 of which have been hired over the past two years.

GE will earn $1.9 billion for supplying six Algerian plants with turbines that will power as many as 8 million homes in addition to supplying mobile gas turbines and other power plant equipment.

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