POSCO E&C wins 950 bln-won deal to build power plant in Bangladesh
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POSCO E&C wins 950 bln-won deal to build power plant in Bangladesh
  • Kim Jung-mi
  • 승인 2017.08.20 12:26
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POSCO Engineering & Construction Co. said Sunday it has won a 950 billion-won (US$832 million) deal to construct a coal-fired power plant in Bangladesh.

The construction arm of steelmaker POSCO will build a 1,200 megawatt plant and related facilities on Matarbari Island, Chittagong, some 280 kilometers southeast of Dhaka, under a contract signed with Japanese trading firm Sumitomo Corp.

POSCO has been stepping up efforts to boost its presence in fast developing Southeast Asian countries.

POSCO E&C also said it has recently won a 60 billion-won deal to improve the water supply facilities in Yangon, the former capital of Myanmar.

POSCO Daewoo Corp., a trading subsidiary of POSCO, said a hotel it developed in Yangon will open next month. Lotte Hotel & Resorts, the hotel arm of South Korean retail giant Lotte Group, has been commissioned to operate the hotel under its name. (Yonhap)


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