Kepco, Sumitomo win $1.5bn UAE power deal
Seoul, October 18, 2010
Korea Electric Power Corp (Kepco) said on Monday the state-run power company and Japan's Sumitomo won an order for Abu Dhabi's Shuweihat 3 independent power plant project valued at $1.5 billion.
A power plant built by the Kepco/Sumitomo consortium will start operations in 2013, a Kepco spokesman said. – Reuters