Samsung C&T awarded $1.37bn contract
The EPC contract covers two power plants in Algeria
Samsung C&T was awarded an EPC contract to build two power plants for $1.37 billion in Algeria, by Sonelgaz Electricity Production Company (SPE), a subsidiary of the state-owned electricity and gas utility group Sonelgaz.
The power plants will be located in Mostaganem and Nama, with an electricity generating capacity of 1,450MW and 1,163MW respectively.
This comes as part of the Algerian government’s plans to build six new combined-cycle power plants throughout the country by 2017, as Samsung C&T has been selected to construct two of the six planned power plants.
"Samsung C&T has an extensive global experience in power plant construction of more than 20 years. Based on the company's emphasis on quality and safety, we look forward to working on the project to contribute to the economy of Algeria by assisting to boost its energy capacity," said Chi-Hun Choi, the CEO of Samsung C&T.
Samsung C&T has completed a total of 18 power plant projects, including the recently awarded $1.2 billion contract to construct a 2,100MW combined-cycle power plant in Rabigh, Saudi Arabia.