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SKorea's KEPCO wins 450 mln usd deal to build infrastructure in West Africa

Feb 11, 2008 - Thomson Financial

Korea Electric Power Corp said Monday it has secured a 450 million dollar contract to build power infrastructure in West Africa.

The project involves setting up power cables and substations as well as building a power generation facility for the West African Power Pool (WAPP), the company said.

The WAPP was created to address power supply shortage within West Africa, including Ghana, Benin, Senegal and Nigeria, and to forge long-term cooperation in the energy sector.

At 10.56 am (0156 GMT), KEPCO shares were down 750 won or 2.1 percent at 35,800 won, while the benchmark KOSPI index was down 53.30 points or 3.1 percent at 1,643.27.

(1 US dollar = 945.70 won)