Korea Electric Power Corp. (015760.SE) power generating unit, Komipo, has won a $1 billion solar power plant project in the U.S., the company said Thursday.

Komipo, in a consortium with Posco Engineering Co., will build a 300-megawatt solar-power plant in Boulder City, Nevada, with construction due to be completed by December 2014, it said in a statement.

Komipo will operate the plant for 50 years following the completion of the plant's construction, it said.

-By Min-Jeong Lee, Dow Jones Newswires; 822-3700-1908; min-jeong.lee@dowjones.com

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