Hyundai Heavy Industries wins US$ 1.6 billion Saudi power deal
By Steve Skinner16 June 2010
Hyundai Heavy Industries has won a US$ 1.6 billion contract to build a 1729 MW gas-fired power plant in Dhuruma, Saudi Arabia.
Hyundai Heavy Industries (HHI) is the sole engineering, procurement and construction (EPC) contractor on the project commissioned by the Dhuruma Electricity Company, a project company established by a consortium of the Saudi Electricity Company, GDF Suez Group of France, Aljomaih Holding Company and Japan's Sojitz Corp.
The project involves construction of the 1729 MW gas-fired combined cycle power plant on a turnkey basis, including design, supply, construction, commissioning, testing and handover. Completion is expected in 2013.
A spokesperson from HHI said, "Buoyed by high oil revenues and rapid economic and population growth, it is expected that large power projects will be steadfastly developed in the Middle East. We envisage that this will accelerate our presence in the industrial plant sectors in the region, as well as in other global markets."