Fresh Twists for Troubled East Rockingham Power Plant

Fresh twists for troubled East Rockingham power plant

A fight over the $377 million contract to build East Rockingham waste to energy plant has widened with a fresh court bid over key equipment.

Sonelgaz unexpectedly executes guarantees worth €54.8 million to Duro Felguera for power plant contract in Algeria

The Corner Link Securities | With regard to the contract that Duro Felguera (MDF) signed with Sonelgaz-Production d’Electricité for the construction of a combined cycle power plant in Djelfa (Algeria), Duro Felguera reports that the client, unexpectedly, while the parties were negotiating a solution for the project, unexpectedly proceeded to execute the guarantees for an amount equivalent to €54.8 million. This contingency was provided for in th…