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South Korea's Daewoo consortium wins $1.4 bln Algeria plant order
February 20, 2014 / 2:05 AM / 4 years ago

South Korea's Daewoo consortium wins $1.4 bln Algeria plant order

SEOUL, Feb 20 (Reuters) - A South Korean consortium organized by Daewoo International Corp won a $1.4 billion order to build two power plants in Algeria from the state-run utility Sonelgaz, Daewoo said on Thursday.

Daewoo International, Hyundai Engineering & Construction Co Ltd and Hyundai Engineering Co Ltd won the order to build power plants in Biskra and Jijel provinces in Algeria, Daewoo said in a statement.

Daewoo, South Korea’s largest general trading company, said construction is expected to be completed 39 months after breaking ground. (Reporting by Joyce Lee; Editing by Paul Tait)

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