PDB to ink deal with Spanish-Korean JV

State-owned Power Development Board (PDB) will sign a contract Monday with a Spanish-South Korean joint venture firm to implement its 400 MW Bibiyana South combined cycle power plant project.The joint venture of Isolux Ingenieria of Spain and Samsung C& T Corporation of South Korea will work in the project as an engineering, procurement and construction (EPC) contractor at a contract value of US$ 288.26 million.  The PDB will implement the project with its own fund. PDB officials said the gas-fired combined cycle power plant project's total net generation capacity will be 383.510 MW through its combination of simple cycle and combined cycle units.    — UNB