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Daewoo joins Abu Dhabi power plant consortium

by Michael Palmer on Feb 17, 2011

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Daewoo annouces it's part of a consortium which will bring a new thermal power plant to Abu Dhabi in March 2014 (Getty Images)

South Korean firm Daewoo Engineering & Construction Co has announced a US$650.3 million deal to build a UAE power plant, following the news that a US$1.43 billion dollar deal to build a thermal power plant in Abu Dhabi has been signed by a consortium.

Working as part of a South Korean-Japanese consortium, Daewoo has revealed the deal is part of a $1.13 billion project won from a government agency in Abu Dhabi last year, at the time valued at $1.5 billion.

The project is due for completion by March 2014.

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