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KOMIPO signs contact for underground power plant

Korea Midland Power, or KOMIPO, said it signed a civil work contact for its underground power plant project in Seoul with a local construction consortium. 

With the contact worth 226 billion won ($208 million), the state-run power generation company will be able to push for the world’s first underground power plant project, to be completed in September 2016.

The project will build two units for the 400-megawatt, LNG-fueled power plant and the two units will be responsible of the stable electricity supply for the northern metropolitan area, supplying electricity to 100,000 households, the company said.