The gas-fired power plant in Tipaza is currently in an operational testing phase in order to obtain a completion certificate, reported Zawya Dow Jones, quoting Mubadala.
The company’s independent power project in Algeria is a result of its $900m joint venture with Canada’s SNC-Lavalin Group. Both the companies has 51% share in the power plant, and the remaining is owned by Algerian companies Sonatrach, Sonelgaz and Algerian Energy Company.
The company stated that the power plant which is located in Tipaza, a coastal province west of Algiers, is expected to generate around 20% of the country’s power supply.
Said Waleed Al Mokarrab Al Muhairi, chief executive of Mubadala said that the power produced would be marketed, under a 20-year contract, to Sonelgaz. The power plant would be run by Shariket Kahraba Hadjret En Nouss.
