February 16, 2012 [The Business Times] - Rotary Engineering Limited on Tuesday said it has secured a US$34 million engineering, procurement and construction (EPC) contract to build 17 field storage tanks in Saudi Arabia.
The contract, awarded to Rotary’s joint venture company – Petrol Steel Co Ltd – by South Korea’s Daelim Group, relates to the US$1.23 billion Shoaiba II Combined Cycle Power Plant Project in Shoaiba.
The combined-cycle plant, which is owned by the Saudi Electricity Co, will have a power capacity of 1,238 megawatt when completed.
Work on the storage tanks is scheduled to start in June and is expected to be completed around the middle of 2013.
