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KOSPO, Samsung C&T Win Contract Worth US$580M. for Combined Power Plant
Gas Plant Project in Chile
KOSPO, Samsung C&T Win Contract Worth US$580M. for Combined Power Plant
  • By matthew
  • January 1, 2014, 02:26
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KOSPO President Lee Sang-ho (right), BHP Billiton Copper President Peter Beaven (center), and Samsung C&T Vice President Kim Jung-su (left) join hands after signing the Kelar complex contract in Santiago, Chile on November 29 (local time).
KOSPO President Lee Sang-ho (right), BHP Billiton Copper President Peter Beaven (center), and Samsung C&T Vice President Kim Jung-su (left) join hands after signing the Kelar complex contract in Santiago, Chile on November 29 (local time).

 

The Korea Southern Power Company (KOSPO) announced on December 1 that a KOSPO and Samsung C&T consortium obtained and signed a contract to develop a BHP Billiton natural gas plant worth US$580 million in Chile.

The Kelar complex will be a 517 megawatt gas-fired combined cycle power plant in Chile’s mineral-rich north providing 3,400 GWh of electricity per year to BHP’s deposits in the area, which include the world’s largest copper mine, Escondida.

The construction of the plant will start early next year and finish in the latter half of 2016. 

The most notable characteristic of the project is that the project owner will supply fuel and buy the total amount of produced electricity, and thus nearly 100 billion won (US$94 million) in annual sales revenue is expected.