Brief: Duro Felguera Signs MoU With Sonelgaz For Amicable Termination Of Contract in Algeria
16/04/2025 07:28
April 16 (Reuters) - Duro Felguera SA MDF.MC: SIGNS MEMORANDUM OF UNDERSTANDING (MOU) WITH SONELGAZ-PRODUCTION D'ELECTRICITÉ FOR AMICABLE TERMINATION OF DJELFA CONTRACT OBJECTIVE OF MOU IS COMPLETION OF CONSTRUCTION OF DJELFA POWER PLANT, COMMISSIONED TO DURO FELGUERA IN 2014, BY ASSIGNING CONTRACT TO CHINA POWER ENGINEERING & CONSULTING GROUP INTERNATIONAL ENGINEERING CO., LTD. AGREEMENT TERMINATES ALL EXISTING CLAIMS AND LITIGATION BETWEEN DURO FELGUERA AND SONELGAZ WITH WITHDRAWAL BY PARTIES OF THE ARBITRATION PROCEEDINGS IN PROGRESS Source text: ID:nCNMxFjL6 Further company coverage: MDF.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com;))