Samsung wins $952mln contract to build Fujairah power plant
The construction phase of the project is expected to be completed in April 2023.
Samsung C&T, a global engineering and construction company, has announced that it has been awarded a 1.15 trillion won ($952 million) contract by Emirates Water and Electricity Company (EWEC) to build a 2,400 MW combined cycle power plant in Fujairah, UAE.
Located some 300 km northeast of Abu Dhabi, the project is being developed in partnership with Japanese developer Marubeni Corporation.
Under this contract, Samsung C&T will function as the exclusive engineering, procurement and construction (EPC) contractor, thus signaling a bright year ahead for the company in 2020, said the Korean builder.
The construction phase of the project is expected to be completed in April 2023. Once ready, the new plant will power a total of 380,000 homes in the northern region of the UAE, it stated.
Samsung C&T is a major player in the utility sector with an extensive experience in building many power plants throughout the Middle East region.
It is currently working on building a nuclear power plant in the UAE, a metro system in Saudi Arabia’s Riyadh, and a desalination plant in Qatar.
The Korean builder said the Fujairah F3 contract win will further solidify the company’s position as a global EPC player in the region.-TradeArabia News Service
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