KEPCO Gets Permission
to Operate Power Plants

Secures a bridgehead for its presence in the Middle East

Korea Electric Power Corp. has obtained a go-ahead from the Lebanese government on a $85.5 million project to operate and maintain two combined cycle power plants in Lebanon for the next five years.
Under the decision, KEPCO will operate and maintain power plants in Deir-Amar and Zahrani with a combined capacity of 8.7 million MW, which account for 47 percent of total power production in the Middle Eastern country.
Last December, KEPCO has become the preferred bidder from seven companies that participated. The Lebanese government approved the deal with KEPOCO, after assessing KEPCO's ability to make good on contract terms and holding price negotiations.
KEPCO plans to begin the operation of the Lebanese power plants following the this month's signing of a formal contract.
A KEPCO official said KEPCO became the first Korean company to enter the Lebanese power generation market and secured a bridgehead for its presence in the Middle Eastern region, and KEPCO is expected to preoccupy the market prior to the planned civilization of the Lebanese power industry. nw

KEPCO Chairman-CEO Han Joon-ho