Hyundai Heavy to Build Wind Farm in Pakistan
On Jan. 25, 2010, the consortium led by Hyundai Heavy Industries signed an MOU with Yunus Brothers for YUNA Project to build a wind farm with 50-MW capacity at Sindh in southern Pakistan.
The YUNA project will install 30 units of 1.65-MW wind turbines manufactured in Hyundai Heavy's Gunsan facility. The wind farm will generate 15 MW electricity annually when completed by the middle of 2011. It is enough to supply 60,000 households helping to solve the country's chronic electricity shortage.
The Hyundai consortium — composed of Korean Southern Power Co., Hyundai Engineering Co. and Hyundai Corp. — has a 49% stake of Special Purpose Company for YUNA Project. Yunus Brothers holds the remainder.
Hyundai Heavy will sell the core equipment, wind turbines and reap profits from electricity sales distributed by its stake after the wind farm goes online.
Visit english.hhi.co.kr for additional information.
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