Korea gets largest project in its history

The South Korean consortium-led by Korea Electric Power Corp (Kepco) has been awarded one of the largest contracts worth about $20 bn (Rs 9,220 crore) to build four nuclear power plants in the UAE. The nuclear reactors should be operational by 2020, by which time demand for electricity in the UAE is expected to have more than doubled. The first reactor is scheduled to begin supplying power in 2017. Besides Kepco, the consortium includes Samsung Corporation, Hyundai Engineering & Construction and Doosan Heavy Industries, as well as the US firm Westinghouse and Japan’s Toshiba. Contact: Korea Electric Power Corp. Tel: 02-3456-3114. Website: www.kepco.co.kr