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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

Mubadala’s Algerian power plant operational

Posted on 07 July 2009

From Arabianoilandgas.com: Mubadala Development, a sovereign wealth fund belonging to the government of Abu Dhabi has said that a 1227 megawatt gas-fired thermal power plant it operates in Algeria has started operations.

The US$900 million plant is a joint venture between Mubadala Development and Canadian contractor SNC-Lavalin (who own 51%) the state-owned Sonatrach, Sonelgaz and Algerian Energy Company owning the remainder………Full Article: Source


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