A South Korean consortium has won a $20.4bn contract to develop civilian nuclear power plants for the United Arab Emirates, beating French, US and Japanese rivals to win one of the world's largest nuclear tenders on offer.
The Korean-led group of companies includes Korea Electric Power Corporation (Kepco), Hyundai Engineering and Construction, Samsung and Doosan Heavy Industries. Westinghouse, the US group, is also involved in the consortium.
The other bidders in the year-long process included a consortium of French companies – Areva, Total and GDF Suez – initially touted as the front runner, and a third consortium of US and Japanese companies, including General Electric and Hitachi.
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