Hyundai E&C wins $989m UAE plant deal
Abu Dhabi, July 9, 2014
Hyundai Engineering and Construction Company has clinched a $989 million contract power generation and desalination plant order from the UAE, according to a report.
South Korea's largest builder secured the EPC and turnkey order from the Abu Dhabi Water & Electricity Authority for its Mirfa plant through a consortium made up of affiliate Hyundai Engineering Company and Italy's Ansaldo.
Located 120 km from Abu Dhabi, the Mirfa project is the emirate’s tenth facility to be built under the Public-Private Partnership model at a cost of $1.5 billion.
The project will involve the acquisition of certain existing water and power facilities, the development, design, engineering and construction of new power and water facilities, as well as the operation of the plant.
When finished, and with the existing and new facilities fully integrated, Mirfa IWPP will have a total power capacity of 1,600 MW and a seawater desalination capacity of 238,665 cu m/day.
The project is targeted to satisfy Abu Dhabi’s rising demand for electricity and water as well as supporting the development of the UAE’s Northern Emirates.
The South Korean builder said the contract was due for completion by April 2017.-TradeArabia News Service