Research & Markets: South Korea Infrastructure Report Q2 2012 - Construction on the KRW400bn (US$345mn) Project Is Scheduled ...
March 15 2012 - 6:26PM
Business Wire
Research and
Markets(http://www.researchandmarkets.com/research/a9b2b9/south_korea_infras)
has announced the addition of the "South Korea Infrastructure
Report Q2 2012" report to their offering.
The author noticed an easing in the pace of contraction in South
Korea's construction activity towards the end of 2011 - an
indication that construction activity is picking up in the country,
despite a slowdown in economic growth. At present, we are still
pencilling a return to positive growth for South Korea's
construction sector, with real growth for the sector forecast to
reach 3.2% in 2012. This is due to several key factors, namely base
effects, tourism, a robust pipeline of non-residential building
construction projects, the acceleration of infrastructure
investment and a renewed demand for housing.
Key growth drivers from the past quarter include:
In July 2011, state-run Korea Electric Power Corporation's
subsidiary Korea Western Power had awarded South Korean company
Doosan Heavy Industries & Construction a contract to construct
a 300MW integrated gasification combined cycle (IGCC) plant in the
country, once again highlighting the country's ongoing usage of
coal despite a gradual divestment to gas and nuclear generation.
Under the KRW513bn (US$455mn) contract, the company is to complete
the project by 2015. The plant, which is to be constructed on the
western coast in Taean, will process coal, which will be used to
produce synthetic natural gas for use in power generation.
In December 2011, South Korean energy producer Korea Hydro and
Nuclear Power Company had announced that it has identified two
possible locations for the construction of new nuclear power plants
in the country, reports asianewsnet.net. The two sites are at
Yeongdeok in North Gyeongsang Province and Samcheok in Gangwon
Province. Four plants will be built at each of the sites to help
increase South Korea's proportion of nuclear energy output from 30%
to 40% by 2040. A third site, at Uljin in North Gyeongsang
Province, was rejected.
Companies Mentioned:
Hyundai
For more information visit
http://www.researchandmarkets.com/research/a9b2b9/south_korea_infras