Sonelgaz to Invest $30 Billion
January 7, 2008
According to Al-Khabar newspaper (January 6, 2008), Mr. Noureddine Bouterfa, CEO of Algeria’s state-owned power company, Sonelgaz, announced that Sonelgaz is planning to invest $30 billion until 2017 through several projects that will bring its electricity capacity up to 11,000 Megawatts. Mr. Bouterfa added that his company is to build 3 big power stations with a capacity of 1200 Megawatt each. He added that these projects fall within partnership investments estimated at about $5.2 billion.
Originally published by Info-Prod Strategic Business Information.
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