October 07, 2008
POSCO E&C wins USD 1.31 billion deals to build power plants in Chile
Thomson Financial reported that POSCO Engineering & Construction Co, an unlisted unit of POSCO has secured orders worth USD 1.31 billion to build power plants in Chile.
POSCO E&C won the orders from AES Gener, a Chilean unit of the US power company AES Corp, to build coal power plants in Ventanas and Antofagasta.
Under the contract POSCO E&C plans to undertake engineering, procurement and construction works for the facilities, which are due for completion by 2011.
