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POWER PLANT PROJECT

Samsung C&T wins $1.2bn Saudi order

Riyadh, December 2, 2013

Samsung C&T Corporation said on Monday it won a 1.29 trillion won ($1.22 billion) order to build the Rabigh 2 power plant in Saudi Arabia from the al-Mourjan for Electricity Production company.

The al-Mourjan for Electricity Production company is a split venture with the Saudi Electricity Company (SEC) 5110.SE and a consortium that includes Samsung C&T.

The South Korean builder said in a regulatory filing the contract is expected to be completed by June 2017.-Reuters




Tags: Saudi power plant | Samsung C&T |

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