Korea selects advisers for power sale

Article Abstract:

Korea Electric Power Corp has chosen three firms to provide financial advice for the impending privatization of its two co-generation LNG-fired power plants in Puchon and Ahnyang. Hyundai Securities, PricewaterhouseCoopers LLC, and ING Barings will assist in the sale of the two 500MW plants, which will include Korea District Heating Corp (KDHC)'s heating pipelines. Several foreign investors were reportedly lobbied to acquire the assets in question, but the transaction is not expected to be straightforward because the Ministry of Commerce, Industry and Energy (MOCIE) still has many decisions to make on restructuring issues. MOCIE's moves will affect the plants' business and valuation extensively.

United States, Asset sales & divestitures, Government domestic functions, Mergers, acquisitions and divestments, PricewaterhouseCoopers L.L.P. (New York, New York), ING Bearings

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Qatar power project style

Article Abstract:

FIVE international power companies have been invited to tender for Qatar's first independent power project, which is expected to have a capacity of 650MW and to be located in Ras Laffan Industrial City, close to the country's new liquefied natural gas (LNG) terminal and production facilities

Qatar, CMS Energy Corp., CMS, National Power PLC, Marubeni Corp., Tractebel S.A., AES Energy

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Korea government sells 5% in Kepco

Article Abstract:

The Korean government has chosen ING Barings, Salomon Smith Barney and Hyundai Securities to sell out 5% of Korea Electric Power Corp. The government currently holds 58.2% of the company's stake and the sale is initiated to raise foreign capital.

South Korea, Strategy & planning, Use of services, Planning, Salomon Smith Barney Holdings Inc., ING Barings N.V., INGB

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