[Courtesy of Korea Southern Power]
Korea Southern Power said in a statement on September 8 that the power company and DL Energy have jointly invested a total of 120 billion won ($102 million) in a six-year project to build 15 wind turbines of 3.45 megawatts each. The wind farm would provide electricity to some 50,000 households in the Tafilah region some 126 kilometers (78.4 miles) south of Amman for 20 years through a contract with Jordan's National Electric Power Company.
"Backed by the government's policy designed to promote the renewable energy industry, the rate of South Korean companies -- large-sized energy companies, state power companies and small-and medium-sized renewable energy enterprises -- targeting the overseas market has increased," New & Renewable Energy Center's policy manager Seo Min-hyun told Aju Business Daily.
The overseas renewable energy infrastructure market is largely dominated by Japan, which has a long history of overseas infrastructure construction projects, and China with cheap renewable energy facilities. However, Seo said that small and medium-sized South Korean companies have the potential to become viable competitors in the market.
"While seeking profit in overseas projects, South Korean companies also focus on improving the livelihood of local residents by creating jobs and setting up infrastructure for water and power," he said, adding such a method can win the favor of local people and help them choose South Korean companies in upcoming projects.
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