Korean utilities firm to move into the US market
Korea East-West Power, a unit of South Korea-based state-run utilities company Korea Electric Power is reported to be acquiring a biomass plant in the US.
The facility is located in San Diego, generating 70.8MW of energy a year from waste and vegetation.
However the terms of the contract have not yet been disclosed. A Korea East-West Power official said: ‘The deal is almost completed. Detailed things will be revealed later.’
If the deal is successfully completed it would make Korea East-West Power the first Korean firm to become involved in the US power industry.
The facility is located in San Diego, generating 70.8MW of energy a year from waste and vegetation.
However the terms of the contract have not yet been disclosed. A Korea East-West Power official said: ‘The deal is almost completed. Detailed things will be revealed later.’
If the deal is successfully completed it would make Korea East-West Power the first Korean firm to become involved in the US power industry.
