VOL. XLVI

No 22

2-June-2003

ALGERIA

Kahraba Skikda Established To Construct Skikda Power Plant

Articles of association have been signed for the formation of a new Algerian joint stock company Kahraba Skikda, which will be responsible for the construction of a $500mn/800mw gas-fired combined cycle power plant at Skikda. The company will be owned initially by Sonelgaz (50%), Sonatrach (30%) and the Algerian Energy Company (AEC 20%). AEC said in January it had received four technical bids from...