Breaking News, World News and Taiwan News.

Updated Saturday, August 7, 2010 11:12 pm TWN, AFP

South Korea's Daewoo wins major Libyan project despite diplomatic row

SEOUL -- South Korea's Daewoo Engineering and Construction Co. said Friday it had won a major power plant project in Libya despite a row over alleged spying by Seoul. Daewoo on Thursday signed a contract in Libya with the state-run General Electricity Company of Libya to build a 750-megawatt power plant in Zwitina, some 140 km (87.5 miles) southwest of Benghazi, for US$438 million.

The project will start in November this year and is to be completed by May 2013, the company said. It is the fourth major power plant contract Daewoo has won in Libya since 2003.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email


Sponsors
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.