Friday, 19 February 2016

POSCO E&C bags $650m construction deal in Panama

Colón lies near the Atlantic entrance to the Panama Canal Colón lies near the Atlantic entrance to the Panama Canal

South Korea’s POSCO Engineering & Construction Co. has been awarded a $650 million contract from AES to build a 380-MW thermal power plant and an adjacent gas storage facility in Colon, some 60 km from Panama City. This latest EPC contract follows earlier order wins in Chile and Peru.

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