POSCO Engineering & Construction announced on March 19 that it has recently won a US$550 million order for a combined cycle power plant from Malaysia.
The company signed a contract on March 13 to build a 1,200-megawatt gas-fired combined cycle power plant on Pulau Indah Island in Selangor, Malaysia.
This combined cycle power plant is jointly promoted by Tedmax, a Malaysian developer, World Wide, an investment company affiliated with the Selangor government, and Korea Electric Power Corp (KEPCO) of Korea.
The construction period is 36 months after ground breaking. POSCO E&C will build the plant on an engineering, purchase, and construction (EPC) basis.