Hyundai wins $3.2 billion contract to build thermal power plant in Saudi Arabia

Hyundai Heavy Industries Co., Ltd. (HHI), a South Korea-based industrial plant EPC contractor, has secured a contract worth $3.2 billion from Saudi Electricity Company (SEC) to build Jeddah South Thermal Power Plant in Saudi Arabia.

As the sole EPC contractor, Hyundai Heavy Industries will construct the 2,640MW oil-fired thermal power project on a turnkey basis including engineering, procurement, construction, commissioning, testing and transferring at Jeddah, Saudi Arabia.

Hyundai Heavy Industries has stated that it will introduce the supercritical boiler technology to maximize the power efficiency of the plant, which is scheduled to be completed by 2017.

Upon completion, the power plant will produce enough electricity for about two million people or 5% of Saudi Arabia’s entire power generation capacity.

Hyundai Heavy Industries, along with its subsidiaries, manufactures and sells ships, offshore structures, plants and engines. It offers engineering, procurement, fabrication, construction, commissioning, operation, and training services for power plants, process plants and plant equipments.