was selected as a preferred bidder to build and operate the 20MW, Dededo Gas-fired Combined Power Plant, issued by the Guam Power Authority (CPA).
"We are happy to be in partnership with KEPCO
SPC as we commit to bring more to the lives of the Ilonggos by delivering cheaper power," MORE Power president and COO Roel Castro said.
Philippines, the acquiring entity, is a wholly owned subsidiary of Korea Electric Power Corp.
The proposed transaction involves the acquisition by Kepco
Philippines Holdings, Inc.
According to Seoul-based news outlet Yonhap , Kepco
said that it held nuclear energy forums, business meetings, and exhibitions on 17 and 18 October in Saudi capital Riyadh, and Dammam city on the Arabian Gulf.
's ratings are equalised with those of the Korean sovereign (AA-/Stable) under Fitch's Government-Related Entities (GRE) Rating Criteria.
is especially at the crossroads following the Moon Jae-in administration's initiative to shift from nuclear and coal-fired power plants to renewable sources and LNG-fueled plants.
Under the terms of an agreement, KEPCO
acquired the interests in the Astoria (100 MWac/131 MWp), Astoria 2 (75 MWac/100 MWp) and Barren Ridge (60 MWac/78 MWp) projects located in southern California, from Recurrent Energy.
With British business minister Greg Clark in Seoul for talks, the status of Kepco
- Korea Electric Power Corp (Kepco
) -- as likely buyer has been enhanced this week by troubled Japanese conglomerate Toshiba Corp having to take on full ownership of the NuGen project after France's Engie backed.
The Privatization of KEPCO
: Unfinished Business, 1993-2008
Kim Doo-Young, head of KEPCO
's research center, and Akimasa Muyama, Senior Executive Officer at MHPS, previously signed the joint research agreement at the MHPS Head Office in Yokohama, Kanagawa Prefecture.
TOKYO (CyHAN)- A stable self-sustaining chain reaction was initiated at the fourth nuclear reactor of the Takahama nuclear power plant in Japan, the plant's operator Kansai Electric Power Company (KEPCO