VOL. XXXVII

NO. 43

25-JULY-1994

Kuwait

MEW Selects Korea's Hyundai For Civil Works Of Subiya Power Station

Kuwait's Ministry of Electricity and Water (MEW) has signed a letter ofintent with South Korea's Hyundai Engineering and Construction Company for aKD125mn ($372mn at the current exchange rate of KD1=$3.3681) contract coveringthe construction of the civil works of Kuwait's large-scale Subiya ElectricPower Station. MEW last March awarded Mitsubishi Heavy Industries of Japan a$1.6bn contract for...