OPIC to finance Algerian desalination deal
- From: Vol 6, Issue 2 (February 2005)
- Category: General
- Region: Middle East
- Country: Algeria
- Related Companies: Banque Extérieur d’Algérie, Banque Nationale d’Algérie, Befesa (formerly Abensur), Caja Madrid Bolsa, Cobra, Codesa, IHI, Ionics, Islamic Development Bank, Itochu and Sadyt
Algerian project finance deals are looking more attractive than they have done in the past. Could this herald a change in fortunes for the Algerian Energy Company?
Algerian desalination projects received a boost last month with the news that the US government’s Overseas Private Investment Corporation (OPIC) has approved up to $200 million in financing for the Hamma plant.
Hamma is a 200,000m3/d seawater RO facility that will supply potable water to a quarter of the population of Algiers. It is being implemented ...
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