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). email@example.com
Hana Financial Group, the parent company of KEB Hana Bank, will acquire a shopping center building and its surrounding land in a small Japanese city for around 50 billion won ($44 million), with a view to reselling part of its&hellip
KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing arrangement by a South Korean bank for the Irish aircraft leasing firm, according to local newspaper reports.&hellip
Korea Scientists and Engineers Mutual-aid Association (SEMA) has decided to make its first allocation to global private debt funds by committing $30 million to each of Golub Capital and Ares Management, and is considering committing an additional capital to European&hellip