Copyright by AFP, 2010 | Sep 9, 2010
S.Korea firm wins 3.42 billion dollar Saudi power plant deal
South Korea's Doosan Heavy Industries and Construction said Thursday it had won a 3.42 billion dollar bid to build a power plant in Saudi Arabia.
The company said in a statement it had received a letter from state-run Saudi Electricity Company confirming it had secured the deal.
Construction will begin this month after a contract is signed and will be completed by December 2014, a spokesman told AFP.
He said the thermal power plant at Rabigh on Saudi Arabia's west coast would produce up to 2,800 megawatts of electricity, enough for 2.8 million people.
The company last week announced it had won a 1.46 billion dollar order to build a huge water desalination plant in the Middle Eastern country.
With the latest order, Doosan has so far this year won construction deals, mostly in the Middle East, worth 11 trillion won (9.4 billion dollars) -- an annual record.
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