Black & Veatch out of Kahrama
- From: Vol 5, Issue 5 (May 2004)
- Category: General
- Region: Middle East
- Country: Algeria
- Related Companies: Black & Veatch, Citigroup, IHI and Itochu
AEC is seeking new partners to help it close the long-running Arzew IWPP.
Black & Veatch is to dilute its equity stake in Kahrama, the project company developing a 90,000m3/d MSF desalination plant in Arzew, or exit the project altogether. Company representatives travelled to Algeria at the start of May to discuss the project with government officials.
Kahrama, which is 80% owned by Black & Veatch and 20% by the Algerian Energy ...
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