Business Services Industry
SOUTH KOREA: Construction plans for proposed 1,000 Mw power plant, KOREA GAS CORP. (KOGAS) [South Korea] - Order #: 0310203.
WWP-Business Opportunities in Asia & the Pacific, March, 2003
PROJECT OVERVIEW: The local KOREA GAS CORP. (KOGAS) currently acts as the sole importer and wholesaler of liquefied natural gas (LNG) in South Korea, the world's second-largest LNG importer behind Japan. However, the company is now gearing-up to expand into power generation as part of its long-term business development strategy to diversify beyond its traditional energy sourcing role.
As a result, KOGAS is now said to be planning the construction of a gas-fired power plant with an installed generating capacity of at least 1,000 Mw. The planned power station, of undisclosed cost, would be sited at the company's LNG storage base in Incheon, South Korea. According to Kim Cha-joong, KOGAS Chief Spokesman, his company has been planning to enter into the...
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