February 02, 2010 05:15 ET

VERGNET : Vergnet wins a 10 MW contract to build the first wind farm in Algeria

ORMES, FRANCE--(Marketwire - February 2, 2010) - Following an international call for tender, VERGNET is delighted to announce that it has been awarded a EUR 24 million contract to build the first wind farm in Algeria.

This project is part of a policy of energy diversification in Algeria, a country that is blessed with substantial renewable resources and countless "Farwind" sites.

With a capacity of 10 MW, this farm will be built in Adrar, in Southern Algeria, and should be operational in 2012.

This contract was awarded by Compagnie de l'engineering de l' électricité et du gaz (CEEG), a subsidiary of the Algerian electricity and gas company SONELGAZ.

The VERGNET group will be responsible for designing, manufacturing and installing this farm, which will comprise 10 1 MW GEV HP wind turbines.

The terms of the project allow for a period of 23 months from the coming into force of the contract, which should take place in the near future.

Marc Vergnet commented on the awarding of this contract: "We are delighted that Sonelgaz has chosen Vergnet technology for the installation of the first wind farm in Algeria. The Group's strategy of innovation means that we are now in a position to offer high-performance competitive products. This new contract in a country in which we hadn't yet operated is proof of this and helps diversify our order book going forward to 2012."

About Vergnet SA

VERGNET SA was founded in 1988 by its current CEO, Marc Vergnet, a leading figure in sustainable development.

Today, VERGNET is the leading manufacturer in its two business areas: designing and manufacturing wind turbines for the FARWIND® market, and water supply equipment for Africa.

Relying on its unique patented technologies, the Group has installed nearly 600 FARWIND® wind turbines to date, and supplies water to over 40 million people all over the world.

The Group is accelerating its growth with the development of a new generation of 1 MW wind turbines and an innovative range of water supply and treatment equipment.

The VERGNET Group has been listed on the Alternext market since 12 June 2007 (FR0004155240 - ALVER).

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