25 Nov 2012
(MENAFN) Algeria has awarded a USD1.06 billion contract to a South Korean consortium to build a combined cycle power plant in the North African country, Reuters reported.
The consortium includes Daewoo International, Hyundai Engineering and Hyundai Engineering & Construction.
Under the turnkey contract with the state-run Algerian Society of Electricity Production, the consortium will set up a 1,200-megawatt power plant in Algeria’s northeastern town of Ain Arnat, Daewoo said.
The statement added that the power station is slated for completion during a 39-month period.
South Korean builders are competing with firms from China and Brazil for construction contracts in fast-growing Africa.
Earlier this month, Daewoo International has won a USD1.3 billion deal with the Kenyan Electricity Generating Company to build a 600-megawatt, coal-fired power plant.
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more