South Korea's Hanwha to build $1bn Yanbu complex in Saudi

South Korea's Hanwha Engineering & Construction has signed a $1.05bn deal to build a power and desalination complex in Saudi Arabia.
 
The builder said it is to establish the oil fired plant at Yanbu industrial complex, the biggest of its kind in Saudi Arabia and located on the western side of the country, by 2014 under the deal with Marafiq, a Saudi Arabian power and water utility company.
 
Facilities to be built at the site include three 230 MW steam turbine power generators, three 830 ton boilers and one for desalination.
 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...