South Korea's Doosan wins $802 million contract in UAE

Published July 1st, 2001 - 02:00 GMT

South Korea's Doosan Heavy Industries won an $802 million contract Saturday, June 30, to build a desalination plant and power unit in the United Arab Emirates (UAE). 

 

Mohammad al-Mazroui, chairman of state-owned UAE Offsets Group (UOG), signed the contract with Yoon Young-Suk, president of Doosan Heavy Industries and Construction Co. 

 

The project in Qidfa, in the emirate of Fujeirah, will take 24 months to complete, Mazroui told reporters. 

 

The desalination and power package covers the construction of a 100 million gallon (380 million liter) per day desalination plant and a 620 megawatt power station, of which 120 megawatts will be used for the desalination plant. 

 

France's Sidem and Italimpianti of Italy were the rival bidders. 

 

A separate transmission package still to be awarded involves the construction of a 185-kilometre (115-mile) water pipeline, a 25-kilometre (16-mile) pipeline, storage tanks and other facilities. 

 

Doosan is again among the bidders along with Athens-based Consolidated Contractors Co., Italy's Saipem and Snamprogetti, and Technip of Germany. 

 

Abu Dhabi is to fund the entire billion-dollar project, but a foreign partner will later be selected to take a stake of up to 49 percent and operate the facilities, as part of the privatisation of the UAE water and power sectors. — (AFP) 

 

© Agence France Presse  

© 2001 Mena Report (www.menareport.com)

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