A South Korean Consortium has been awarded a $1.06 billion contract to build a gas-fired, combined cycle power plant in Algeria.
Daewoo International, Hyundai Engineering and Hyundai Engineering & Construction will install a 1,200-megawatt power plant in the country’s northeastern town of Ain Arnat. The power station is expected to be up and running by 2016. The turnkey contract was awarded by the state-run Algerian Society of Electricity Production.
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