ID :
199538
Sun, 08/07/2011 - 04:33
Auther :
Shortlink :
http://m.oananews.org//node/199538
The shortlink copeid
Samsung C&T wins US$3 bln deal from Canada
SEOUL (Yonhap) - Samsung C&T Corp., a South Korean trading and construction company, said Sunday that it has signed a US$3 billion deal to build wind and solar energy power plants in Canada.
Under the deal with the government of the Province of Ontario, Samsung C&T will construct 520 megawatt energy farms in the southern regions of Haldimand and Chatham-Kent, and 550 megawatt complexes in Kingston and Bruce.
Samsung C&T said that the deal covers the first two steps of Canada's five-stage projects to build 2,000 megawatt wind farms and 500 megawatt solar power plants in the province by 2016 and operate them for 20 years.
If completed, the energy farms are expected to supply electricity to 1.6 million households every year, said the company.
Samsung C&T said it will start work on the first two steps of the project next year and the construction is expected to be completed by 2014.
Under the deal with the government of the Province of Ontario, Samsung C&T will construct 520 megawatt energy farms in the southern regions of Haldimand and Chatham-Kent, and 550 megawatt complexes in Kingston and Bruce.
Samsung C&T said that the deal covers the first two steps of Canada's five-stage projects to build 2,000 megawatt wind farms and 500 megawatt solar power plants in the province by 2016 and operate them for 20 years.
If completed, the energy farms are expected to supply electricity to 1.6 million households every year, said the company.
Samsung C&T said it will start work on the first two steps of the project next year and the construction is expected to be completed by 2014.
