Power Plant Project in Saudi Arabia
Samsung C&T reported on December 2 that it received an order to build the Ravik Power Generation Plant by Saudi Arabia’s Power Authority (SEC), a project estimated to be worth 1.3 trillion won (US$1.2 billion).
The Ravik project is to build a private power generation plant that will be constructed at Ravik industrial facility, located about 150 kilometers from Jeddah, Saudi Arabia’s second biggest city.
Samsung has acquired this project by working in a consortium with Saudi Arabia’s Akwar Power International.
With the Ravik order, Samsung has achieved overseas construction orders totaling US$100 million this year.