KEPCO says signs $200 mln deal with Saudi SEC

Mon Jul 13, 2009 1:30am EDT
 
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SEOUL, July 13 (Reuters) - Korea Electric Power Corp (KEPCO) (015760.KS) said on Monday it had signed a contract with Saudi Electricity Company 5110.SE to build a power plant, in which the South Korean power monopoly would invest $200 million.

The fuel oil plant will be run by KEPCO between 2012 and 2032, or for 20 years after construction, KEPCO told the Korea Exchange in a filing.

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(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)

 

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