VOL. XXXVI

NO. 27

5-APRIL-1993

LIBYA

Libya Awards $1.6Bn Power Contract To South Korea's Hyundai

Libya's Secretariat (Ministry) of Energy has issued a $1.6bn letter of intentto Hyundai Engineering and Construction Company, a unit of South Korea's HyundaiGroup, to build four power generators at a location yet to be determined. Theturn-key contract calls for the building of four dual-fuel generators burningeither fuel oil or gas, each with a capacity of 315 megawatts. Construction timeis 4.5 years...