Duro Felguera cedes the Algerian plant to Sonelgaz to avoid having to pay higher compensation

The company reached a 23% increase in the opening MADRID, 16 (EUROPA PRESS) The shares of Duro Felguera have closed this Thursday with an increase of 7,29% after the Asturian engineering firm has signed a memorandum of understanding with Sonelgaz Production d’Electricité (SPE) for the friendly resolution of the [...] The entry Duro Felguera rises 7% after unlocking the project of Djelfa in Algeria in full preconcurso aparece primero en Forbes Es…

The agreement includes the cession for the construction of the plant "in favor of a grouping of companies led by the company China Power Engineering & Consulting Group International Engineering, and the final and friendly resolution of all disputes and disputes existing between Duro Felguera and Sonelgaz-Production d'Electricité".The agreement has been signed by the Chinese company and GE Energy Pdroducts France, in its capacity as manufacturer …

The shares of Duro Felguera have started the session of this Wednesday with an increase in the Stock Exchange of close to 20%, after the Asturian engineering firm has signed a memorandum of understanding with Sonelgaz Production d'Electricité (SPE) for the amicable resolution of the project of Djelfa in Algeria, which means to unblock the contract signed in February 2014 and that it has been suspended last June. Thus, the Asturian company was sh…

Duro Felguera has signed a memorandum of understanding with Sonelgaz Production d’Electricité (SPE) for the amicable resolution of the Djelfa project in Algeria, which means unlocking the contract signed in February 2014 and which was suspended last June, as reported on Wednesday by the Asturian engineering company to the National Securities Market Commission (CNMV). Specifically, the Algerian energy company submitted to the Algerian Chamber of …

The Spanish company agrees with the Algerian company Sonelgaz the resolution of all the demands on the combined cycle of Djelfa of 400 million in which it has worked for 10 years, with the work executed at 50%. Read