Hyundai E&C receives order for power plant in UAE
The company said that it won the order issued by the Abu Dhabi Water and Electricity Authority to build a power generation and desalination plant in Mirfa, which is 110 kilometers (68 miles) southwest of Abu Dhabi. Construction is expected to take 30.5 months.
Hyundai E&C will receive $715 million from its 72.4 percent stake of the order, while Hyundai Engineering will collect $79 million.
More in Industry
Stores in malls fear change to retail law
Big business recoils at new legal legislation
Hyundai Mobis has developed a hydrogen-powered forklift
Asiana adapts passenger plane to carry more cargo