Hyundai bags USD 91M hydropower contract
4 April 2014Hyundai Engineering Co., one of South Korea's leading builders, has won a USD 91.3M hydroelectric power plant contract in Indonesia, according to a story by Yonhap News Agency.
The company said the engineering, procurement and construction (EPC) contract reached with Rajamandala Electric Power is for building a 47MW facility near the city of Bandung, 150km southeast of Jakarta.
The new Rajamandala power plant aims to provide electricity to Jakarta and surrounding areas.
"Hyundai Engineering will be in charge of all facets of the project that include a water tunnel and the setting up of power cables," the builder said in a press release issued in Seoul on 31 March. Work on the project is expected to be completed around March 2017."
Hyundai Engineering said that with the latest contract under its belt, more effort will be made to secure other building orders down the line.
Indonesia has said it wants to upgrade infrastructure around the capital city by 2030, which is fuelling demand for more power.
