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Samsung C&T wins W1.15tr power plant deal from UAE

Samsung C&T Corp., the construction unit of Samsung Group, said Tuesday that it has won a 1.15 trillion-won ($970 million) deal to build a power plant in the United Arab Emirates.


Under the deal with F3 Holding Company B.V., Samsung C&T will build a 2,400-MW combined cycle power plant in Qidfa in the Emirate of Fujairah by the end of April 2023.

Shares in Samsung C&T Corp fell 2.09 percent to 117,000 won, underperforming the broader KOSPI's 1.48 percent decline. (Yonhap)