Daewoo joins Abu Dhabi power plant consortium
Daewoo announces a US$650.3 million deal to build UAE power plant
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.