Hyundai Engineering nails down big Uzbekistan contractHyundai Engineering & Construction said yesterday it has won a $819 million contract to build power plants in Uzbekistan along with its consortium partner Daewoo International.
According to nation’s largest builder, the consortium signed a contract with state-owned power company Uzbekenergo to build two 450-megawatt combined cycle power plants in Talimarjan.
The turnkey project, which will be managed by the consortium from design to construction, will be financed by the Asian Development Bank, the Japanese International Cooperation Agency and the Uzbek government. It is expected to take more than three years to complete.
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