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SUBJECT : S. Korea, Kazakhstan Sign for Power Plant Construction   [ allforu62 ]   2010.10.13

South Korea and Kazakhstan concluded on October 13 an intergovernmental agreement on the construction of a $3.8 billion coal-fired power plant in the central Asian nation’s city of Balkhash.

The project led by Kepco and Samsung C&T, one of the biggest joint economic projects ever between the two countries is to build a 1,320-megawatt power plant starting next year which will begin commercial operation in 2016.

Korea’s Minister of Knowledge Economy, Choi Kyung-hwan who met with Kazakh Deputy Prime Minister Aset Issekeshev in the Kazakhstan capital of Astana, agreed to further cooperate in the energy sector including joint excavation of rare metals.

Korea’s economic mission headed by the minister attended a business forum where participants had a one-to-one business consultation that resulted in four MOUs in the IT, energy technology and stem cell sectors.

[Written by Dae-min Park / edited by Soyoung Chung]

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