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Algerian state-owned Electro-industrie (45%), Indian Vijai Electricals Limited (40%) and Sonelgaz (15%) signed the statutes of the joint venture Vijai Electricals Algérie to build a large power transformer manufacturing plant in Tizi Ouzou, Algeria. The plant will create 358 permanent jobs and have a capacity of 115 units per year (8,300 MVA).