Jan. 21 (Bloomberg) — A South Korean group led by Samsung C&T
Corp. will win an order from Canada to develop a $6 billion wind
and solar power project in the province of Ontario, according to
two people familiar with the matter.
The 2,500-megawatt project will include 1,000 wind turbines that
will account for 80 percent of the total capacity, said the people
who declined to be identified before an announcement is made in
Ontario later today. The group comprising Samsung C&T and Korea
Electric Power Corp. will sign the deal with the provincial
government, they said.
The contract would be Korea Electric’s second overseas power
plant order in a month after securing a $20 billion contract on
Dec. 27 to construct atomic generators in the United Arab
Emirates. Samsung C&T, South Korea’s second-biggest construction
company, said on Sept. 29 it was in talks with Ontario to build
wind and solar farms. The order may be worth more than 6 trillion
won ($5.3 billion), the Maeil Business Newspaper said yesterday.
Korea Electric, the country’s largest electricity producer, will
design the project’s transmission system and will be the
operator, said the people. Samsung C&T may complete construction
by 2016, they said.
Samsung C&T spokesman Min Byeong Hoon and Korea Electric’s Park
Young Seong declined to comment on the Canadian contract.
