Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, August 25, 2011

South Korea Investing in Kazakhstan Energy Projects

South Korea Investing in Kazakhstan Energy Projects

South Korean President Lee Myung-bak is currently visiting Kazakhstan. In one result of Lee’s visit, South Korea and Kazakhstan have signed agreements for two $4 billion projects to build a thermal power plant and a petrochemical complex in the Central Asian nation.
Under the terms of an inter-government agreement signed during President Lee's state visit, South Korea is guaranteed 70 percent stake in a $4 billion project to build a coal-fired power plant in the southern city of Balkhash, the United Arab Emirates Wakalat Anba’a al-Emarat news agency reported.
South Korea’s Korea Electric Power Corp (KEPCO) and Samsung C&T currently hold a
Read more...

No comments:

Post a Comment