April 25, 2024
Industrials
Hyundai Engineering seals US$918m deal in Malaysia
[THE INVESTOR] Hyundai Engineering announced on May 31 that it has signed a US$918 million contract with Edra Energy Berhad to build Malaysia’s largest power plant.
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It has formed a consortium with Hyundai Engineering and Construction and will build a combined cycle plant with 2,242-megawatt capacity in Melaka, 90 kilometers southeast of Kuala Lumpur in 40 months.
It is currently building a 2,000 megawatt coal power plant in Port Dickson, currently the largest in Malaysia.
By Hwang You-mee (glamazon@heraldcorp.com)
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