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THE INVESTOR]
Samsung C&T has inked a deal to build a biomass power station in the UK, it announced Aug. 15.
It joined Spanish general contractor Tecnicas Reunidas and won the turnkey contract worth 650 million pounds (US$838 million) for Tees Renewable Energy Plant to build a heat and power biomass plant at Tees Dock near Middlesbrough, England. Samsung’s stake is about 27 percent, amounting to 175.5 million pounds.
Developed by the UK’s MGT Power and funded by Macquarie and Danish pension fund PKA, the 299-megawatt-electric biomass combined heat and power plant in northeast England is expected to be completed by 2020.
By Hwang You-mee (
glamazon@heraldcorp.com)
