The state-run Korea Electric Power Corp. said Monday that along with Sumitomo Corp. of Japan, it has won a $1.5 billion deal to build and operate a power plant in the United Arab Emirates.
The gas-fired power plant, with a capacity of about 1,600 megawatts, will be built in Shuweihat, 260 kilometers west of Abu Dhabi, and is scheduled to begin operations in March 2014, KEPCO said.
The contract was awarded by the Abu Dhabi Water and Electricity Authority.
Last year, the KEPCO-led consortium won a $20 billion project from the UAE to build four nuclear reactors in the Middle Eastern country.
Since a consortium led by KEPCO won a $20 billion deal to build four nuclear power plans in the UAE by 2020, the state-run energy firm has been showing more agressive moves to expand its overseas markets.
While concretizing similar projects to build nuclear reactors in Turkey, KEPCO has been invoved in dialogues with countries including Argentina, Malaysia and South Africa to enhance their cooperation regarding energy, as well as for possible prospective nuclear plant constructions.
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