Abu Dhabi government-owned Mubadala Development Companyhas signed a joint venture agreement with Canada's SNC Lavalinfor the development of the 1,200-MW combined cycle power plant at Hadjret Ennous.
Abu Dhabi government-owned Mubadala Development Companyhas signed a joint venture agreement with Canada's SNC Lavalinfor the development of the 1,200-MW combined cycle power plant at Hadjret Ennous. Under the agreement, the two companies will each take a 25.5 per cent stake in the project company, with the remaining 49 per cent being held by the client, state-owned Algerian Energy Company. SNC Lavalin was awarded the estimated $900 million contract to build the facility in mid-December (MEED 23:12:05). The two companies are also negotiating the acquisition of a stake in the newly-built 825-MW combined cycle power plant at Skikda (MEED 29:4:05).
You might also like...
Red Sea Global awards Marina hotel infrastructure
18 April 2024
Aramco allows more time to revise MGS package bids
18 April 2024
Morocco tenders high-speed rail project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
