South Korea’s Samsung C&T published in a statement that it had secured a contract for the EPC services related Fujairah F3 IPP (Independent Power Project).
The project was assigned by Japan’s Marubeni Corporation, developer of the project.
The value of the project is South Korean Won KRW 1.15 trillion.
As part of the agreement, Samsung C&T will be in the expense of the EPC (Engineering, Procurement, and Construction) of Fujairah F3 IPP combined power plant facility with a capacity of up to 2,400 MW.
The new plant will be situated at the Fujairah water and electricity complex, between the existing Fujairah F1 and Fujairah F2 water and electricity plants, 302 kilometres north of Abu Dhabi.
Earlier, during October 2019, Marubeni, along with Samsung C&T, submitted the bid of AED16.812 fils per kilowatt-hour for the project.
The construction is scheduled to be completed in April 2023. The F3 project is designed for a constant power supply in the northern Emirates, and it also goal to expand power facilities.
Once the project commissioned, it will be the largest independent thermal power plant in the UAE.