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SKorea consortium wins $1.06bn power deal

Nov 25 2012 18:59 Reuters
Algeria_flag, algeria flag, algeria


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Seoul - A South Korean consortium has won a $1.06bn deal to build a combined cycle power plant in Algeria, consortium member Daewoo International said in a statement on Sunday.

Under the turnkey contract with the state-run Algerian Society of Electricity Production, the consortium consisting of Daewoo International, Hyundai Engineering and Hyundai Engineering & Construction will construct the 1 200-megawatt power plant in Algeria's northeastern town of Ain Arnat, the Daewoo statement said.

The power station will rise over a period of 39 months, it added.

South Korean builders are competing with firms from China and Brazil for construction contracts in fast-growing Africa.

On Monday, Daewoo International announced it had signed a $1.3bn deal with the Kenyan Electricity Generating Company to build a 600-megawatt, coal-fired power plant.

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