Ssangyong Construction Wins IT Solar Power Project... "First Entry into Latin America"

Ssangyong Engineering & Construction announced on the 9th that it has been awarded the final contract for the "Haiti Solar Power Generation Facility and ESS Facility Construction and Operation Project" commissioned by the Ministry of Economy and Finance (MEF), Haiti.

Location map of the solar power generation ESS facility construction project to be built in the Caracol industrial complex in Haiti.
[Photo by Ssangyong Engineering & Construction]

This project involves constructing and operating for five years a solar power plant (12MW) and an ESS (Energy Storage System 10MWh) that supply electricity to the Caracol industrial complex in Haiti, where the global SeAH factory is located.

The construction area is equivalent to 30 soccer fields (200,000㎡), and the project scale is 57 million USD (approximately 75 billion KRW). The construction cost will be financed through a loan from the Inter-American Development Bank.

A representative from Ssangyong Engineering & Construction explained, "This is the first contract won since the global SeAH Group became the largest shareholder of Ssangyong Engineering & Construction, utilizing the group's support and synergy among group companies."

They added, "With full support from the group's top management for bidding participation and based on the solar power design and construction experience of SeAH STX Entech, a group company, in Nicaragua, Ssangyong Engineering & Construction's bidding and construction plan passed the client's evaluation."

Through this project, Ssangyong Engineering & Construction is entering Latin America for the first time since its establishment. It is expected to serve as a foothold for Ssangyong Engineering & Construction to further expand into Latin American regions such as Costa Rica, the Dominican Republic, Guatemala, and Nicaragua, where global SeAH has already entered.

A Ssangyong Engineering & Construction official said, "With this contract, we have achieved two goals: pioneering new markets and participating in new businesses through group company support and cooperation," adding, "Based on this, we plan to actively pursue renewable and eco-friendly business projects both domestically and internationally."

This content was produced with the assistance of AI translation services.