VOL. XLII

No. 10

8-March-1999

ALGERIA

ABB Creates New Joint Venture With Sonelgaz

The Swedish-Swiss firm Asean Brown Boveri (ABB) hasannounced that it signed an agreement on 27 February with Algeria痴 NationalCompany for Electricity and Gas (Sonelgaz) establishing a joint venture calledABB Electrical Services Company. The new firm, headquartered in Algiers, willspecialize in maintenance and repair work for the power generation anddistribution network. ABB holds a 60% stake in the new venture, while...