Middle East Economic Survey

VOL. L

No 7

12-Feb-2007

ALGERIA

Mubadala Development Says Group Completes $900Mn Financing For Tipaza Power Plant

The UAEs Mubadala Development Company on 1 February said Shariket Kahraba Hadjret En Nouss Spa (SKH Spa) had closed $900mn in financing for a 1,227mw gas-fired thermal power plant in Tipaza province west of Algiers. The $1.1bn plant is being constructed by Canadas SNC-Lavalin, which will provide engineering, procurement and construction (EPC) along with...