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Hyundai E&C win $1.5 billion power plant in Vietnam

Hyunday-EC-logoHyundai Engineering and Construction (E&C) has sealed a $1.46 billion deal to build a thermoelectric power plant in Vietnam, the biggest order won this year by the country’s foremost contractor. Vietnam Electricity ordered the big power plant, most of which will be financed by the ADB. Vietnam wants to set up the facilities to deal with the shortage of electricity in the region, a Hyundai official said.

So far this year, Hyundai has inked contracts worth $3.8 billion including this one in Vietnam and looks to renew its record yearly figure of $11 billion reached in 2010.

source: koreatimes