Hyundai in power-up job

South Korea's Hyundai Engineering & Construction Company has received US $301 million (QAR1.9 billion) worth of contracts from & Water Corporation to build power-generation facilities.

South Korea's Hyundai Engineering & Construction Company has received US $301 million (QAR1.9 billion) worth of contracts from & Water Corporation to build power-generation facilities.

One of the contracts is worth $201 million and will involve the construction of seven substations in 30 months, while the other is a $100 million power cabling deal, to be carried out over 23 months.

The deal brings the total value of the company's orders in the Middle East and Singapore so far this year to $1.5 billion.

Among its power projects in the UAE are the $700 million deal, awarded by Dubai Electricity and Water Company (Dewa) in March 2006, for the construction of the 'L' power station in Jebel Ali.

The company is also working on a $1.5 billion turnkey dredging contract in consortium with Archirodon Construction (Overseas) and Boskalis Westminster Middle East for the Khalifa Port and Industrial Zone, Abu Dhabi's new multi-billion dollar commercial and industrial port development.

In December 2007, Hyundai won a $680 million contract from the Libyan government to build a power plant near Tripoli.

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