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
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
South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 billion commitments from two insurance units of its parent group. Hanwha Life Insurance Co. Ltd. and Hanwha General&hellip
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 million) with commitments from other Samsung financial units to acquire a building of the Organisation for Economic Co-operation&hellip