Hyundai Heavy Industries has won a US$330 million order to build electric power generators for Cuba. The deal is worth more than twice Korea’s annual exports to the Caribbean country of US$150 million.
Hyundai is to deliver 244 packaged power stations equipped with its self-developed HiMSEN engine by late 2007. They will generate a combined capacity of 510 MW, or 20 percent of Cuba’s entire electricity output.
After signing the contract in Havana, Cuban President Fidel Castro urged the Korean company to deliver top quality products, saying that the deal was tantamount to entrusting Hyundai with care of the entire nation’s electricity generation.
