01/25/2010
Pakistan - HHI strikes deal to supply 30 wind turbines to 50 MW wind farm
Hyundai Heavy Industries (HHI) has struck a deal to build a 50-megawatt wind farm in Pakistan. The nation's largest shipbuilder will supply a total of 30 wind power generators for Pakistan's first wind power project, KOTRA said.
The consortium of HHI and the state-run Korea Southern Power will soon ink a memorandum of understanding with the Pakistani government's Alternative Energy Development Board.
The project, which, is estimated to be worth 60 to 80 billion won ($52.7 to 70.2 million), will start next year.
Meanwhile, Samsung Construction & Engineering (C&E) teamed up with Korea Electric Power Corp. (KEPCO) to clinch a $6-billion recycled energy project in Canada.
They signed the deal to operate a 2,500-megawatt wind and solar power generation complex in Ontario State, a KEPCO spokesman said. This is Korea's first deal in the Canadian market of recycled energy.
Construction begins later this year and will continue through 2016 in five stages. The companies will operate the complex, in which wind power will take up 80 percent of overall capacity, for 20 years.
With Samsung C&E leading the overall project, KEPCO is expected to be in charge of constructing and operating power transmission and distribution facilities.
Alternative energies, especially wind power, have emerged as a new growth engine for many Korean manufacturers and energy firms amid growing demand for cleaner energy worldwide.
Earlier this month, Hyosung, a local conglomerate with interests ranging from chemicals to machinery, signed a 45.6 billion-won deal with India's Ghodawat Energy to supply 1.65-megawatt wind turbine gearboxes until 2013.
Among Korean shipbuilders, Samsung Heavy Industries became the nation's first exporter of wind power equipment. It delivered a 2.5-megawatt generator to the U.S.-based energy firm Cielo in October last year.
Some other shipyards are attempting to tap into the market by acquiring overseas makers. Last year, Daewoo Shipbuilding & Marine Engineering acquired U.S.-based wind turbine maker DeWind for $49.5 million.
The consortium of HHI and the state-run Korea Southern Power will soon ink a memorandum of understanding with the Pakistani government's Alternative Energy Development Board.
The project, which, is estimated to be worth 60 to 80 billion won ($52.7 to 70.2 million), will start next year.
Meanwhile, Samsung Construction & Engineering (C&E) teamed up with Korea Electric Power Corp. (KEPCO) to clinch a $6-billion recycled energy project in Canada.
They signed the deal to operate a 2,500-megawatt wind and solar power generation complex in Ontario State, a KEPCO spokesman said. This is Korea's first deal in the Canadian market of recycled energy.
Construction begins later this year and will continue through 2016 in five stages. The companies will operate the complex, in which wind power will take up 80 percent of overall capacity, for 20 years.
With Samsung C&E leading the overall project, KEPCO is expected to be in charge of constructing and operating power transmission and distribution facilities.
Alternative energies, especially wind power, have emerged as a new growth engine for many Korean manufacturers and energy firms amid growing demand for cleaner energy worldwide.
Earlier this month, Hyosung, a local conglomerate with interests ranging from chemicals to machinery, signed a 45.6 billion-won deal with India's Ghodawat Energy to supply 1.65-megawatt wind turbine gearboxes until 2013.
Among Korean shipbuilders, Samsung Heavy Industries became the nation's first exporter of wind power equipment. It delivered a 2.5-megawatt generator to the U.S.-based energy firm Cielo in October last year.
Some other shipyards are attempting to tap into the market by acquiring overseas makers. Last year, Daewoo Shipbuilding & Marine Engineering acquired U.S.-based wind turbine maker DeWind for $49.5 million.
- Source:
- Online Editorial www.windfair.net
- Author:
- Posted by Trevor Sievert, Online editorial Journalist
- Email:
- ts@windfair.net
- Link:
- www.windfair.net/...
- Keywords:
- wind energy, wind farm, rotorblade, wind power, wind turbine
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