Home Economy Algeria awards $4 bn in contracts for power plants

Algeria awards $4 bn in contracts for power plants

ALGIERS – Algeria’s electricity and gas company Sonelgaz awarded Wednesday $4 billion (2.9 billion euros) in contracts to South Korean and Spanish companies to build six power plants, the APS news agency said.

Chosen for the projects were a partnership of Hyundai Engineering and Daewoo International, as well as the other South Korean firms of Samsung and GS/Daelim. Spain’s Duro Felguera rounded out the list.

The contracts are for facilities that will generate between 1,200 and 1,600 megawatts.

The mostly desert North African country is seeking to increase its production capacity to put an end to frequent power cuts, particularly during the summer.

In September, Sonelgaz awarded a $2.2 billion contract to General Electric of the United States for turbines with a total capacity of 8,400 kilowatts.

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