Hyundai wins US$300mn Termotasajero thermo contract - reports

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Tuesday, January 24, 2012

South Korean conglomerate Hyundai has won a US$300mn contract to construct a thermo plant in Colombia's Norte de Santander department for Colombian thermo generator Termotasajero, according to reports.

Hyundai Corporation and Hyundai Engineering, subsidiaries of the group, will construct the 160MW plant.

The plant is reportedly scheduled to be complete within 36 months.

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Termotasajero operates one existing 163MW plant, also in Norte de Santander department.