Hyundai Heavy, Sidem Win $1.4 Billion Kuwait Power and Desal Contract

JOHANNESBURG--December 18, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Hyundai Heavy Industries (KSX:009540.KS) (Ulsan, South Korea), in a consortium with Sidem (Paris, France), a subsidiary of Veolia Environment Company, has been awarded the contract to build a $1.4 billion power and desalination plant that will be located 100 kilometers north of Kuwait City. This is the first phase of the Al-Zour independent water and power project (IWPP).