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Korea Trade Insurance backs UK power plant building with W221b insurance
By 황유미Published : Sept. 6, 2016 - 14:46
[THE INVESTOR] Korea Trade Insurance Corp. announced on Sept. 6 that it will provide 221 billion won (US$200 million) project financing for Samsung C&T’s biomass power station project in UK.
Samsung C&T has formed a consortium and won the turnkey contract to build the plant worth 958 billion won, and its stake is about one-fourth of the project.
The public insurer will offer mid- to long-term insurance for the construction of the 299-megawatt combined heat and power plant, said to be the largest of its kind in the world, so that “South Korean companies can expand into environment-friendly, renewable energy market.”
By Hwang You-mee (glamazon@heraldcorp.com)
Samsung C&T has formed a consortium and won the turnkey contract to build the plant worth 958 billion won, and its stake is about one-fourth of the project.
The public insurer will offer mid- to long-term insurance for the construction of the 299-megawatt combined heat and power plant, said to be the largest of its kind in the world, so that “South Korean companies can expand into environment-friendly, renewable energy market.”
By Hwang You-mee (glamazon@heraldcorp.com)
