Korea Southern Power gets funding for project in Jordan
Korea Southern Power, a public power utility, has signed a financing deal with the International Finance Corporation (IFC) and Korea’s state-run Trade Insurance Corporation for a $101 million wind power project in Jordan, a company official said Thursday.Vestas, a Danish wind turbine maker, will build a 51.75 megawatt wind farm in Tafila, about 140 kilometers (87 miles) south of Jordan’s capital, Amman, a source at Korea Southern Power said.
Daehan Wind Power Company, a firm set up by Korea Southern Power and Daelim Energy, a Korean energy business, will cover 30 percent of the project while the IFC and Trade Insurance Corporation will finance 70 percent of the project, she said.
Yonhap
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)