BRAZIL: JOINT VENTURE CONSTRUCTION CONTRACT AWARD FOR PLANNED $176,000,000 POWER PLANT, HYUNDAI...

PROJECT OVERVIEW:

U.S.-based EL PASO ENERGY INTERNATIONAL recently awarded a power plant construction contract to HYUNDAI ENGINEERING & CONSTRUCTION of South Korea. According to the terms of the award, HYUNDAI will be responsible for building a steam power station in Portovelho, Brazil.

In so doing, HYUNDAI will act as the main contractor for the second phase of the Portovelho Power Plant Project. As a result, the company will oversee everything from designing to the supply of materials as well as the supervision of the construction project. However, the