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)