KEPCO inks deal to buy U.S. solar power plantStaff Writer | August 29, 2016
The state-run Korea Electric Power Corp. said it has signed a deal to buy a U.S. solar power plant, making inroads into the U.S. electricity market.
Energy The Alamosa plant started its operations in 2012
KEPCO said it will be able to generate $230 million in sales over a 26-year period by selling electricity there. The Alamosa plant started its operations in 2012.
Last year, KEPCO logged 4.9 trillion won ($4.4 billion) in sales in overseas markets, and aims to rack up 20 trillion won in overseas sales by 2025.
KEPCO is engaged in a variety of overseas businesses, including coal-powered and nuclear-powered plants and resources development in 22 countries. ■