Samsung C&T wins $952mn power plant deal in the UAE
Samsung C&T will function as the exclusive engineering, procurement and construction contractor for the Fujairah project
Global engineering and construction company, Samsung C&T has announced that it has been awarded a $952 million contract by Emirates Water and Electricity Company (EWEC) to build a 2400 MW combined cycle power plant in Fujairah. The project is being developed in partnership with Japanese developer, Marubeni Corporation.
Under the terms of the contract, Samsung C&T will function as the exclusive engineering, procurement and construction contractor, signalling a bright year ahead for the company in 2020, according to a statement from Samsung. The South Korean conglomerate is a major player in the utility sector with extensive experience in building power plants throughout the Middle East region.
Samsung stated that the construction phase is expected to be completed by April 2023, and once operational, the new plant will power a total of 380,000 homes in the northern region of UAE. The Fujairah F3 contract win will further solidify the company’s position as a global EPC player in the region, it stated.
