S. Korean consortium wins $1.3 billion Algerian power plant deal
SEOUL (REUTERS) - A South Korean consortium has won a US$1.06 billion (S$1.3 billion) deal to build a combined cycle power plant in Algeria, consortium member Daewoo International said in a statement on Sunday.
Under the turnkey contract with the state-run Algerian Society of Electricity Production, the consortium consisting of Daewoo International, Hyundai Engineering and Hyundai Engineering & Construction will construct the 1,200-megawatt power plant in Algeria's northeastern town of Ain Arnat, the Daewoo statement said.
The power station will rise over a period of 39 months, it added.
South Korean builders are competing with firms from China and Brazil for construction contracts in fast-growing Africa.