With the government’s decision to open doors to private companies to build thermal power plants as a measure to prevent power shortages, related businesses have been jumping on upcoming projects one after another due to their high profitability.
Conglomerates are vying for inclusion in an energy complex project in Samcheok, Gangwon, where they can construct coal-fired power plants that are low in cost and high in profitability.
With Samsung C&T’s latest challenge to join the project, a total of five companies are competing to get the two tickets to the energy complex.
The Samcheok project is part of the city’s long-term goal to become an energy mecca. The city plans to propose its power generation business to the sixth power supply plan, which will be announced at the end of the year by the Ministry of Knowledge Economy.
For full article see Joongang Daily.