By Kwanwoo Jun 
 

Hyundai Engineering & Construction Co. Ltd. (000720.SE) on Monday said that Georgia's power-plant project organizer intended to award it a 388.60 billion won ($333.9 million) contract.

The South Korean company said it had received a notification of intent from JSC Nenskra Hydro. It plans to join the building of a 280-megawat hydropower plant, if the contract is formally signed.

Hyundai Engineering said its construction would account for 45% of the power-plant project in the northwestern part of the Eurasian country. Shares are up 0.7% at KRW44,400.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

November 17, 2019 22:14 ET (03:14 GMT)