Hyundai wins Saudi power

Hyundai Heavy Industries (HHI) has picked up a US $170 million (SR637 million) contract to build a gas turbine power generation plant for Saudi state-run oil company, Saudi Aramco.

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By  Conrad Egbert Published  April 15, 2006

Hyundai Heavy Industries (HHI) has picked up a US $170 million (SR637 million) contract to build a gas turbine power generation plant for Saudi state-run oil company, Saudi Aramco. The contract includes EPC of three 65mW gas turbine units, and a switchyard, supplying electricity to a Saudi Aramco separation plant, which will be located at Shaybah. “This project has leveraged Hyundai Heavy’s position as a major contractor of the power plant sector in the Middle East and increased our opportunities to compete for and win more projects in the region,” said Suh Young-Kil, executive vice president of HHI’s plant and engineering division. The project is expected to be completed by 2008.

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