Ennous finance closed
Financial close was reached on 1 February on the $900 million project to develop the Hadjret Ennous gas-fired power plant in Tipaza, west of Algiers. The project, which calls for the construction and operation of a 1,227-MW facility, is being developed by Shariket Kahraba Hadjret Ennous (SKH). The plant, which will add about 20 per cent to the country's power supply capacity, is due to come on stream in 2008. Electricity will be sold to Sonelgaz under a 20-year contract (MEED 28:7:06).
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