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  • Samsung C&T’s W660b power plant construction in Algeria halted
    Samsung C&T’s W660b power plant construction in Algeria halted
    Samsung C&T (028260) said on Aug. 23 that Societe Algerienne De Production De L’electricite has announced its halt of a 660 billion won (US$588 million) power plant construction project in Mostaganem, Algeria. The deal was inked in 2014 and expires Aug. 5, 2017. Samsung C&T added that it plans to further negotiate with the government-owned electric utility to reach an agreement. By Jung Min-kyung (mkj1105@heraldc...
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Samsung C&T’s W660b power plant construction in Algeria halted

Aug. 24, 2016 - 10:30 By 정민경
[DISCLOSURE] Samsung C&T (028260) said on Aug. 23 that Societe Algerienne De Production De L’electricite has announced its halt of a 660 billion won (US$588 million) power plant construction project in Mostaganem, Algeria. 

The deal was inked in 2014 and expires Aug. 5, 2017. 

Samsung C&T added that it plans to further negotiate with the government-owned electric utility to reach an agreement.

By Jung Min-kyung (mkj1105@heraldcorp.com)
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