KB Asset Management to invest US$200m in US power plant

[THE INVESTOR]  KB Asset Management will invest US$200 million in a US gas and steam power generation plant at Marcus Hook Energy Center in Pennsylvania, according to Maeil Business Newspaper on Oct. 6.

KB has created a fund from homegrown institutional investors and will lend it to Starwood Energy Group Global that is taking out loans worth US$520 million to acquire the US$760 million power plant. The 790 megawatt combined cycle power generation plant has 90 percent operation rate.

The investment period is eight years and the expected rate of return is 4-5 percent a year.

By Hwang You-mee (glamazon@heraldcorp.com)