Korea's KEPCO considers forming solar business in Jordan - report
Solar modules. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.
Korea Electric Power Corp (KRX:015760), or KEPCO, is mulling over the possibility of creating a solar business in Jordan, having met with officials in Amman earlier in June, the Yonhap news agency said today, quoting a source.
Following the Korean government’s announcement that it plans to open in part the power market to private firms, the state-owned company is now looking for ways to diversify its businesses, the report says.
In late April, the Abu Dhabi Water and Electricity Authority (ADWEA) said that a consortium including KEPCO, GS Engineering & Construction Co (KRX:006360) and Hanwha Q Cells Co Ltd (NASDAQ:HQCL) is among the pre-qualified entities for participation in a 350-MW solar photovoltaic (PV) project in Abu Dhabi. The winner will co-own the plant with ADWEA, taking a stake of up to 40%.