South Korea’s SK Engineering & Construction Co. (SK E&C) joined hands with Belgium-based energy company UNIT International S.A. to lead Iran’s largest-ever private power development project worth 3.4 billion euros ($3.6 billion), lighting up business prospects in the Middle Eastern country where international sanctions were lifted. The company said Sunday it inked an agreement with UNIT International to join the Belgian energy developer’s ongoing project to construct and operate five new gas-fired power plants in Iran. Marking it as the Iran’s largest-ever private power plant development project, the power plants will have a combined power generation capacity of 5,000 megawatts.
Sourced from: pulsenews.co.kr
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