Technip, a leader in oil and gas project management, in association with Hawk International, has been awarded by Total E&P Yemen, a lump sum turnkey contract for the Kharir Power Plant Project.
Saudi Electricity Company (SEC) has signed a new deal worth SR12.75 billion (US$3.4 billion) with South Koreas Doosan Heavy Industries and Construction to build a 2,555 megawatt (MW) power plant at Rabigh.
Saudi Electricity Company (SEC) has signed a new deal worth SR12.75 billion (US$3.4 billion) with South Koreas Doosan Heavy Industries and Construction to build a 2,555 megawatt (MW) power plant at Rabigh.
South Korean firms are looking to increase their hold on Abu Dhabis industrial sector, reports The National.
Abu Dhabi Water and Electricity Authority (ADWEA) has awarded Korea Electric Power Corp (KEPCO) and Sumitomo Corp. the contract for a US$1.5 billion power project in the UAE. The companies will sign the final agreement by February 2011 after raising funds through project financing. The project consists of a 1,600MW gas-fired power plant, to be built in Shuweihat, 260 km west of the capital Abu Dhabi, and scheduled for commercial operation in March 2014, according to KEPCO.
