Hyundai Heavy Industries and Doosan Acciona submitted their bids for building a thermal power plant for the Panama Canal Authority.
Hyundai Heavy Industries bid $ 110 million, while Acciona Doosan proposed $ 121.1 million. The baseline of the bid was $ 110 million.
"With this power plant, the ACP aims to improve the reliability of electric services in the waterway and help reduce fuel consumption and emissions", reported Prensa.com.
South Korea's Hyundai Heavy Industries will provide the valves for the new Panama Canal locks.
Hyundai signed a contract with Grupo Unidos por el Canal (GUPC), under which Hyundai will design, provide materials, build and install these components for the new locks.
These valves are located at the gates and water basins.