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S. Korean consortium wins $1.3 billion Algerian power plant deal

Published on Nov 25, 2012 6:13 AM

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.

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