Samsung wins $441MM contract for gas-fired power plant in Chile

Samsung Engineering has been awarded a $441 million contract to build a gas-fired combined-cycle power plant in Chile. (From left to right) Choong Heum Park, President and CEO of Samsung Engineering, Sang Ho Lee, CEO of KOSPO and Shin Kim, President and CEO of Samsung C&T Corporation

Samsung Engineering Co. Ltd. announced it was awarded a $441 million contract to build a gas-fired combined-cycle power plant in Chile. BHP Billiton Chile, a subsidiary of international Australian-British company BHP Billiton, awarded Samsung E&G the contract to provide power for a copper mine owned by the firm. The contract was won after a consortium made of Samsung E&G, Korean Southern Power Co. and Samsung C&T Corporation formed a special purpose company called Kelar S.A.

Samsung said this project will be a first for the company in Chile and its second in South America. The plant will be located in Chile's Antofagasta region along the Pacific coast. Previously, Samsung E&G had won a contract to construct a fertilizer plant in Bolivia in 2012. 

The new plant will recieve natural gas from the Mejillones LNG Terminal and will produce 517 MW of electricity. Samsung will conduct the project on a lump sum turn key  basis for engineering, procurement, construction, and commissioning. The project is expected to reach its completion in 2016.

“With the successful execution of this project, Samsung Engineering will become a successful leader in the South American market,” said Choong Heum Park, President and CEO of Samsung Engineering during the project's award ceremony held in Seoul, Korea.

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