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Bahrain to build $1.7bn power plant

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 01 October 2008
DEAL AWARDED: Hyundai Heavy Industries has won a $1.7 billion contract to build a power and desalination plant in Bahrain. (Getty Images)
DEAL AWARDED: Hyundai Heavy Industries has won a $1.7 billion contract to build a power and desalination plant in Bahrain. (Getty Images)

South Korea's Hyundai Heavy Industries Co. has won a $1.7 billion deal to build a power and desalination plant in Bahrain, the company said on Wednesday.

Hyundai Heavy Industries said the plant will generate 1,245 megawatts of power and produce 213 million litres of water a day, newswire Bloomberg reported.

It said the plant is set to be completed by mid-2011.

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    While the world is in a meltdown these guys have launched such a big project.No bank loans available !Who is financing them.... has...  More »
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