Algerian IWPPs update
- From: Vol 3, Issue 10 (October 2002)
- Category: General
- Region: Africa
- Country:
- Related Companies: Black & Veatch, Mizuho Corporate Bank, Ondeo and Sogex Oman
More details have been released on financial arrangements for the Arzew independent water and power project (IWPP) in Algeria.
The plant is being developed by a new company called Kahrama, which is led by Black & Veatch of the US with an 80% stake, in conjunction with the Algerian Energy Company (AEC) which holds 20%.
The initial cost of the project was put at $300 million but Kahrama now estimates that $400 million will be required. The company is arranging ...
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