VOL. XLVII

No 09

01-March-2004

ENERGY FINANCE

SKS Secures $382Mn Loan To Build Power Plant In Skikda

Frances Societe Generale (SG), the Export-Import Bank (Ex-Im) of the US and Export Development Canada (EDC) are to provide a $382mn loan for building an 825mw power plant in Skikda, Algeria. The venture, Shariket Kahraba Skikda (SKS), is a special purpose corporation formed to develop the project. It is 30% owned by state oil and gas company Sonatrach, 50% by electricity and gas distribution firm...