kepco inks deal to buy us solar power plant
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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KEPCO Inks Deal to Buy US Solar Power Plant

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Arab Today, arab today KEPCO Inks Deal to Buy US Solar Power Plant

KEPCO
Seoul - QNA

The state-run Korea Electric Power Corp. (KEPCO) on Sunday said it has signed a deal to buy a US solar power plant, making inroads into the US electricity market. 
Under the deal with Cogentrix Energy Power Management, part of the Carlyle Group LP, KEPCO will buy a 30 megawatt solar power plant in Alamosa, Colorado, South Korea's News Agency (Yonhap) reported. 
The deal is estimated at US$34 million. 
KEPCO said it will be able to generate $230 million in sales over a 26-year period by selling electricity there. The Alamosa plant started its operations in 2012. 
Last year, KEPCO logged 4.9 trillion won ($4.4 billion) in sales in overseas markets, and aims to rack up 20 trillion won in overseas sales by 2025. 
KEPCO is engaged in a variety of overseas businesses, including coal-powered and nuclear-powered plants and resources development in 22 countries

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kepco inks deal to buy us solar power plant kepco inks deal to buy us solar power plant

 



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