VOL. XXXIX

No. 30

22-April-1996

ALGERIA

IDB/AFESD Lend Sonelgaz $153Mn For Power Installations At Hassi Messaoud

The Algerian state enterprise Societe Nationale de l'Electricite et du Gaz (Sonelgaz) has signed two loan agreements with the Jiddah-based Islamic Development Bank (IDB) and the Kuwait-based Arab Fund for Economic and Social Development (AFESD) for a total of $153mn to partly finance the construction at Hassi Messaoud of a new electric power station and ancillary facilities to help...