ABU DHABIA Korean-led consortium on Sunday won a landmark contract, valued at about $20.4 billion, to build four nuclear reactors in the United Arab Emirates, ending a closely watched contest between bidders from Asia, France and the U.S.
The victory for Korea Electric Power Co., in conjunction with construction units of the Samsung and Hyundai business groups and with Westinghouse Electric Co., a unit of Japan's Toshiba Corp., marks the first international deal for the Asian nation's nuclear industry. It is expected to boost Korea's footprint in the increasingly active global nuclear business, dominated by French, Japanese, U.S. and Russian ...
EXT Price at posting:
$8.50 Sentiment: LT Buy Disclosure: Held
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