Hyundai joins GE in Kuwaiti power plant deal
Korean firm to assist with construction of US $2.65bn Subbiya site
Korean major Hyundai Heavy Industries will partner with General Electric to build Kuwait’s 2,000MW Subbiya power plant.
GE was named as the winner of the contract last month after it posted the lowest bid of about US$2.65 billion, according to Reuters.
The Subbiya plant will come online in the summer of 2011 and will produce around 20% of the country’s current power output.
"The contract includes importing and assembly of six gas turbines that will produce 1,320 megawatts in addition to six steam turbines generating 700 megawatts," said Kuwaiti Minister of Electricity and Water Badr Al Shuraian, according to state news agency KUNA.