YEREVAN (Armenpress)–Korean GS Engineering & Construction announced Monday that it had won a US$218 million project from Yerevan Thermal Power Plant of Armenia to build a combined-cycle power plant in Yerevan.
GS will handle the entire construction process, from design to material and equipment procurement to engineering to installation.
Lee Jong-geun from GS Engineering & Construction’s plant construction headquarters said that the project will serve as an important opportunity for Korean construction firms to make their way into the CIS region, as this is Korea’s first full turn-key order from a CIS state.
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