Deal signed with South Korean power company
On Monday, 29 August 2016, Korea Electric Power Corporation (KEPCO) signed a US$39 million agreement with the Dominican Republic in Santo Domingo.
The deal includes the installation and replacement of the distribution network across the country, and the South Korean state-owned company will cover the whole process from planning to execution.
KEPCO has already completed a US$51 million won power distribution order from 2011 in the country and in addition, to alleviate the chronic power shortage, KEPCO’s CEO Cho Hwan-eik and President Danilo Medina have discussed further cooperation on renewable energy, as reported in the Korea Herald.
Source: DR1, www.koreaherald.com
Sep 1, 2016
Category: DR News |