Hyundai Heavy Wins Cuba Power Generation Orders
Hyundai Heavy Industries, the world's largest shipbuilder, said it has clinched a US$130 million order from Cuba to install diesel power generators there. Hyundai said it plans to complete installation of diesel power generators across the nation by the end of 2007 to meet the dispersed generation plan of the Cuban government.
A total of 344 units, including 244 from a previous order in September, of Hyundai's indigenous HiMSEN engines will be supplied, according to the company. HiMSEN is the company's in-house ship engine transformed for power generation.
"Electricity from Hyundai Heavy's power generators will make up about 30% of the nation's total capacity of 2,500 megawatts," Hyundai said.
Hyundai has won a total of $460 million worth of orders this year from the Cuban utility company responsible for the nation's electricity grid.