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Algeria receives UAE loan for power station
Algeria-United Arab Emirates, Economics, 8/20/1999
Algeria's Sonelgaz and the Abu Dhabi Development Fund signed on Wednesday an agreement for a $20 million loan at 3.5% interest annual, payable over 15 years, with which the Algerian company will help construct the Hamma power station, Algerian News Agency reported.
The $277 million station is being built with financing from the Islamic Development Bank, the Saudi Development Fund and the Arab Fund for Economic and Social Development, the report said.
Previous Stories:
African international industrial conference in Algeria
(7/23/1999)
150,000 tonnes of wheat for Algeria
(7/23/1999)
African Development Bank lends Algeria $ 500 million
(7/16/1999)
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