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Hyundai Heavy wins $970m order to build power plant
By Korea HeraldPublished : Dec. 16, 2013 - 19:43
Hyundai Heavy Industries Co., the world’s largest shipbuilder, said Sunday that it has clinched a $970 million order to construct a power plant in Kuwait.
Under the deal with the Kuwait government, Hyundai Heavy will build a power plant with a generation capacity of 1,500 MW. The plant will be built on a site located along the Persian Gulf, about 100 kilometers south of Kuwait City.
The deal is part of a plan initiated by the Kuwait government to construct power and desalination plants. Hyundai Heavy won the order from a consortium led by GDF Suez of France.
The construction will start this month with the aim of finishing up during the second half of 2016, the company said. (Yonhap News)
Under the deal with the Kuwait government, Hyundai Heavy will build a power plant with a generation capacity of 1,500 MW. The plant will be built on a site located along the Persian Gulf, about 100 kilometers south of Kuwait City.
The deal is part of a plan initiated by the Kuwait government to construct power and desalination plants. Hyundai Heavy won the order from a consortium led by GDF Suez of France.
The construction will start this month with the aim of finishing up during the second half of 2016, the company said. (Yonhap News)
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Articles by Korea Herald
