Hyundai Engineering & Construction Company and Samsung C&T Corp. on Monday said they have been given a $5.59 billion contract from Korea Electric Power Corporation to build a nuclear power plant in the United Arab Emirates, the two companies said in regulatory filings on Monday. Hyundai Engineering will get 55 percent of the order and Samsung C&T the remaining 45 percent, according to the news service. Hyundai Engineering said in a statement that it will receive about $3.07 billion from the contract, while Samsung C&T will get about $2.52 billion from the deal. Samsung C&T said in a separate filing that the construction will last from this month to May of 2020. In December, UAE officials tapped a consortium led by Korea Electric Power for a $20.4 billion deal to design, build and help run four nuclear power plants from 2017 to 2020. Hyundai Engineering and Samsung C&T were two of the three South Korean construction firms involved in the deal.
