April 22, 1999 in Social Responsibility News

Engineering & Construction Group wins $72Million

The Engineering & Construction Group(President: H.C.Kim) won a $72 Million coal burning thermo-generating plant project from Taiwan.
Promoted by the Taiwanese government and managed by civilian enterprises, the Hoping thermo- generating plant is located near the Hualien Huapyung Industrial Complex northeast of Taiwan to construct 2 plants of 660MW capacity generating 4.6billion KW.

The project which the Construction Group won is a structure operation held before the electric operation of the coal-burning thermo-generating plant which started its construction from early May and will end in May of 2002 after a 37 month period.

Although a number of local contractors including Mitsui, RSEA, the Pacific and Pan-World bidded in this project, Construction Group was able to seize it due to our widely-known structure- operating skills in generation plants. Hoping coal-burning thermo-generating plant is a BOT project scheduled for 30 years by Hoping Generation Corp., whose equity investment was made by Taiwan Cement company and Hong Kong's China Light & Power Ltd. Fueled by this award of the first overseas power generation plant after the Construction Group entered the foreign market, we would have a better hand in clinching the electric operation and hopefully winning more generation plant bids in the near future.


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