Hadjret En Nous Independent Power Project
The Hadjret Independent Power Project, a greenfield 1,227MW gas-fired combined cycle power plant based in Tipaza, Algeria, started commercial operation in 2009 and represents 20 percent of current generation capacity.
We co-developed the project and currently hold a co-controlling 25 percent stake in the plant, where power is generated by energy efficient GE turbines and then sold to the state-owned Algerian utility, Sonatrach, under a long- term energy conversion agreement.
The agreement is another example of our growing interests in Algeria, where we have made a number of significant investments in the energy sector.