[GS Engineering & Construction]
A consortium led by the Spain-based water treatment unit of South Korea's GS Engineering & Construction has secured a contract for a desalination plant worth 78.9 million US dollars in Chile's northern desert area.
GS Inima and its Chilean partner, Claro Vicuna Valenzuela (CVV), won the contract from Econssa, a state utility, to build a plant capable of providing fresh water to 70 percent of residents in the Atacama region. The contract calls for the completion of work by 2020.
GS Inima owns 65 percent of the consortium with the remainder controlled by CVV. GS Inima would use its seawater reverse osmosis technology for the plant. In 2011, GS Engineering acquired Inima, the unit of Spanish builder Obrascon Huarte Lain.
The South Korean company hopes to win more deals in Chile as it has been hit by a chronic water shortage. "As the market for seawater desalination is expanding globally, we are expected to win more orders," said a GS Engineering official. GS Inima has jumped into the race to win a $1.01 billion order for a desalination plant in Oman.
reporter
Lim Chang-won
cwlim34@ajunews.com
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