ID :
191227
Mon, 06/27/2011 - 04:22
Auther :
Shortlink :
https://oananews.org//node/191227
The shortlink copeid
KEPCO completes new power plant in Philippines
Korea Power Electric Corp. (KEPCO), South Korea's state-run power company, said Monday it has completed a new power plant in Cebu, the Philippines, becoming the fourth-largest electric power supplier in the Southeast Asian country.
The 200-megawatt power plant took three years and US$451 million to build. The plant put KEPCO's power supply in the Philippines at 2,050 megawatts, almost 15 percent of all electric power consumed in the country, it said.
"During its three years of construction, the plant contributed greatly to the Philippines' economy by hiring an average of about 2,000 local workers a day while also helping resolve the problem of power shortages," KEPCO said in a press release.
For the construction and future operations of the plant, KEPCO established KSPC, a joint venture with the Philippines' SPC Power Corp. The South Korean company has a 76 percent stake in the joint venture.
The completion of the thermal power plant was marked in a ceremony attended by Philippine President Benigno Aquino III and some 200 other Philippine officials and guests, KEPCO said.
The 200-megawatt power plant took three years and US$451 million to build. The plant put KEPCO's power supply in the Philippines at 2,050 megawatts, almost 15 percent of all electric power consumed in the country, it said.
"During its three years of construction, the plant contributed greatly to the Philippines' economy by hiring an average of about 2,000 local workers a day while also helping resolve the problem of power shortages," KEPCO said in a press release.
For the construction and future operations of the plant, KEPCO established KSPC, a joint venture with the Philippines' SPC Power Corp. The South Korean company has a 76 percent stake in the joint venture.
The completion of the thermal power plant was marked in a ceremony attended by Philippine President Benigno Aquino III and some 200 other Philippine officials and guests, KEPCO said.
