Hyundai E&C consortium wins 850 billion won order to build a thermal power plant in Algeria
Hyundai E&C consortium wins 850 billion won order to build a thermal power plant in Algeria
  • Lee Jun-sung
  • 승인 2020.01.16 11:26
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Hyundai Engineering & Construction (Hyundai E&C) Consortium (Hyundai E&C, Hyundai Engineering and POSCO International) has won an order to build a combined thermal power plant in Algeria in North Africa.

A Hyundai E&C consortium signed a $730 million (about 850 billion won) contract for the construction of a combined thermal power plant, which was ordered by Hyunson Engineering & Construction Spa (HYENCO), a subsidiary of the Algerian state-run power agency Sonelgaz.

HYENCO, the owner of the order, is a joint venture established by a Hyundai E&C consortium in November 2015 with the Algerian Electricity Authority, with a 49 percent stake in the consortium and a 51 percent stake in the Algerian authority.

Recently, the Algerian government said it plans to build additional power generation facilities with a combined capacity of 20,000 MW over the next 10 years to meet the soaring power consumption.

Under the policy, HYENCO plans to build a total of five similar combined thermal power plants, including the project with the Hyundai E&C consortium.

The project is a construction project to build a combined thermal power plant with a capacity of about 1,300 MW in the Umesh region of Biskra, 340 kilometers southeast of the capital Algiers, with an average annual power generation of 9.68 million MWh. The construction period is 60 months after construction.

So far, Hyundai E&C, Hyundai Engineering and POSCO International have carried out various projects in Algeria.

In 2012, the company won a project to build a 1,600 megawatt combined thermal power plant in Ain Arnat, Biskra and Jijel, respectively. Analysts say that the company has established itself as a dominant player in the Algerian power market by winning additional order in Algeria.


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