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 National Pension Service (NPS) will further increase the proportion of overseas investment with a higher share of global equities, according to its asset allocation plan for the 2017-2022 period. Global equities will make up around 25% by end-2022, versus&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip
Jae-Sang Kim, who had worked with National Pension Service’s (NPS) Chief Investment Officer Myoun-Wook Kang in asset management firms for several years, was appointed on May 24 to lead the global alternative investment division of the $500 billion pension fund. NPS&hellip