Mirant Corp. has said it will purchase South Korea’s Hyundai Energy Co. Ltd (Henco) and build a 520mw combined cycle power plant in southern Korea. The plant site is in the Yulchon industrial complex in Cholla province and has expansion potential for another 1000. The company said it has a sufficient inventory of gas turbines and may exercise its options on these turbines for this project. Construction of the South Korean project is expected to begin in the latter half of 2002, and the simple-cycle operations are estimated to come on line in the third quarter of 2004. The plant’s output would be delivered to the Korea Electric Power Co. Mirant said it opened an office in Seoul, to further support development opportunities in Korea.
