Sunday, March 19, 2017

SK Engineering & Construction, 4 trillion is privately funded power plant project participation



[Korea gimdohyeon financial newspaper reporter] SK naemyeo construction of combined-cycle gas follow the IPP business rights mulkko blisters on the market in Iran.

SK Engineering & Construction Group UNIT 19, 2009 in Istanbul, Turkey and Iran also announced that it has entered into an agreement to acquire the shares positive UNIT International Energy Corporation 30% equity stake to secure IPP business rights.

SK construction business that is involved is the largest project ever to build a gas combined cycle power plant of 05 within five regions Iran.

SK E & C is planning to perform the construction in January Sarbanes (Saveh), Zahedan (Zahedan) 2 dogs went back to 1200MW and 880MW in size of the gas combined cycle power plant construction in each area, and the remaining three regions sequentially next year.

Construction period is about 30 months, it aims to come in commercial operation in the second half of 2020.

The sum of all five power plant generating capacity is 5000MW. € 3,400,010,000 total project cost, construction cost to about 4.144 trillion won € 2.5 billion, amounting to about 3.047 trillion won.

The SK E & C business, as well as domestic builders first is the extraordinary sense geotyieoseo to enter the IPP business.

SK E & C will participate in co-operation with UNIT Group with a stake of 70% after completion of the plant construction as well as ateul domat.

UNIT INTERNATIONAL Energy is a special purpose entity established for this group UNIT Turkey. The last one securing gas combined cycle thermal IPP business rights from the Iranian government on May 23 and ended up in a power purchase agreement for electricity production in the state-owned power companies and power plants TPPH Iran.

According to SK Engineering & Construction officials and especially, the power purchase agreement guarantee conditions and the Iranian government to mitigate the possible political risks of the Iranian project included the very high stability of.

Ganghoin accompany the Minister to the way this agreement, explained, "The Iranian CCPP Project, SK E & C is expected to participate in this landmark infrastructure projects in cooperation with the future Iran."

Jae - Hyeon SK Construction Representative "SK E & C is the largest gas combined cycle power secure IPP business rights and were for the first time entered the Iranian market," he said "as business expenses is a very large project over 4 trillion gaebalhyeong of SK Construction utilizing the experience of performing business will strive to build a high-quality plants, "he said.

Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com