Send E-mail
  • KB Asset Management to invest US$43m in Chilean solar generation
    KB Asset Management to invest US$43m in Chilean solar generation
      KB Asset Management will acquire 45 percent stake in a special purpose corporation that operates solar power generation business in Chile from Korea Southern Power for US$5.62 million, according to Korea Economic Daily on Oct. 16. It will also lend US$37.50 million to Korea Southern Power’s US$50 million project to build a 37.9-megawatt solar power plant in Chile by April 2017. The power plant has already secured...
From
Send to
Close Send

KB Asset Management to invest US$43m in Chilean solar generation

Oct. 17, 2016 - 15:54 By 황유미
[THE INVESTOR]  KB Asset Management will acquire 45 percent stake in a special purpose corporation that operates solar power generation business in Chile from Korea Southern Power for US$5.62 million, according to Korea Economic Daily on Oct. 16.

It will also lend US$37.50 million to Korea Southern Power’s US$50 million project to build a 37.9-megawatt solar power plant in Chile by April 2017. The power plant has already secured a 25-year contract to supply electricity to the Center for Economic Load Dispatch of Chile.

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