SK E&C President Ahn Jae-hyun (second from L) signs a contract for his company’s purchase of a 30-percent stake in UNIT International S.A. in Istanbul, Turkey on March 17, 2017. (Image: Yonhap)
SEOUL, March 20 (Korea Bizwire) – SK Engineering & Construction (SK E&C) has teamed up with a Turkish firm for a multi-billion-dollar project to build and operate new power plants in Iraq, the South Korean firm said Saturday.
Officials from the South Korean builder said the company has successfully purchased a 30 percent stake in UNIT International S.A., Turkey’s energy giant, one day after the two companies signed the deal in Istanbul.
Under the deal, the South Korean firm will join the Turkish firm’s ongoing project to build and operate five new gas-fired power plants in Iran, said to be worth US$4.2 billion in total.’
(Yonhap)
