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Korean contractors get $5.6 billion UAE construction contract

31 March 2010

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Korean Electric Power Company (KEPCO) has awarded Korean firms Hyundai Engineering and Construction and Samsung C&T a $5.6 billion construction contract for the four APR-1400 reactors it is planning to build in the UAE, according to local newspaper Gulf News. It said that the two firms won a 55%/45% share of the contract.

The first plant is due to come online in 2017 and the last by May 2020.

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