SK Gas acquires coal power plant amid power line controversy
Oct 30, 2014
SK Gas Co., a key energy affiliate of energy and telecom conglomerate SK Group, said Thursday it has acquired debt-ridden Dongbu Group’s thermal coal power plant to diversify its energy business, amid uncertainties surrounding the construction of a power line that could cause additional expenditures and delays.SK Gas and Korea Development Bank formed a consortium to buy a 60 percent stake in Dongbu Power Dangjin at 201 billion won ($190 million), shouldering 45 percent and 15 percent of the cost