In partnership with
  • 'Gordhan is trapped'

    Had Finance Minister Pravin Gordhan raised VAT, he would probably have been fired.

  • Budget analysis

    Gordhan’s budget was disappointing and even a bit depressing, says Jaco Leuvennink.

  • #Budget2017 survey

    Take our survey and let us know your post-Budget views!

All data is delayed
Loading...
See More

SKorea consortium wins $1.06bn power deal

Nov 25 2012 18:59
Reuters
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.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

algeria  |  power plant

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you want Finance Minister Pravin Gordhan to address during his budget speech?

Previous results · Suggest a vote

Loading...