|
 South Korea’s Daewoo International
is hoping to build electric power plants for Mongolia in the near future.
This follows Daewoo’s success
in building and operating a power plant in remote Papua New Guinea.
The Daewoo PNG Power Plant,
now accounts for 40 percent of the total electricity consumed in the
area Papua New Guinea. Company officials stress that the South Korean
power plant has also become an important source of cash for both Daewoo
and the country, earning some $5 million annually.
The power plant came on-line
in 1999, with two 12MWH-class electric generators producing 460MW of
electricity each day for domestic consumption over the past eight years.
``Since it retrieved the investment
in 2003, the power plant gave a dividend of $5.2 million in 2003, $5.7
million in 2004, $4.3 million in 2005 and $4 million in 2006 to Daewoo
International,'' Lee Sang-ha, chief of the plant, told the Korea Times.
Besides targeting Mongolia,
Daewoo International hopes to build power plants in Vietnam and Azerbaijan.
 Be first to comment this article | |
Only registered users can write comments.
Please login or register. Powered by AkoComment Tweaked Special Edition v.1.3.0 |
News 
