This was the first time for these companies to win a trillion-won level order from Africa.
According to industry sources on April 6, the Mozambique government signed a build-operate-transfer (BOT) agreement with the BKB consortium to build a 3,600-megawatt gas-fueled plant in Maputo, the capital of Mozambique on April 5.
The consortium is composed of a group of Korea's infrastructure developers, including BKB, SK E&S, GE Power Korea, Korea Western Power, plus a Korean boiler manufacturer BHI.
They will build a 2,600-megawatt plant first in Maputo, followed by 500- megawatt plant each in Beira and Nacala sequentially. The project's size, which would cost about $7 billion, is higher than the total value of the orders Korean companies have received in Africa over the past five years ($6.8 billion). firstname.lastname@example.org
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip