S. Korea Approves Private Coal Power Plants to Spread Investment
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South Korea granted approval for Samsung C&T Corp. and three other private companies to build eight coal-fired power plants as part of an energy plan that spreads investment among state and private power generators.
The companies, including Tongyang Power Co., SK Engineering & Construction Co. and a Dongbu Group unit, will build the plants by 2027, the Ministry of Knowledge Economy said in an e-mailed statement. Combined, the plants will generate 8,000 megawatts. Investment amounts weren’t revealed.