Industrial Info Resources

March 08, 2007 05:07 ET

UAE Company Signs Power and Smelter Deals in Algeria, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(CCNMatthews - March 08, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas). Mubudala Development Company (MDC), an investment and development vehicle, wholly owned by the government of Abu Dhabi, struck two major deals in Algeria in the first days of February 2007. The announcement of a $900 million project to construct a 1.227-megawatt (MW) gas-fired thermal power station in Tipaza province was closely followed by the announcement of an agreement with Algeria's state oil and gas company, Sonatrach, to construct Algeria's first aluminum smelter.

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