Kepco unit buys a power project in Thailand
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Korea Midland Power Co, a unit of South Korea's staterun power monopoly Korea Electric Power Corp (Kepco), said Thursday it will participate in a cogeneration power plant project in Thailand, according to Yonhap.
The news agency reported that under a deal to be signed Friday, the local utility company will purchase a 29 percent stake in Navanakorn Electric Co, a private power generator in Thailand, for 18 billion won (US$15.6 million).
Navanakorn Electric is the utility unit of Nava Nakorn Plc, the operator of Nava Nakorn Industrial Estate which is expected to reopen for normal operations next month after the severe flooding.
