The state-run Korea Electric Corp. (KEPCO) announced on Friday, 17 August 2018 that it has won a US$37.8 million project to replace or build new power distribution facilities in the Dominican Republic. The company has received an engineering, procurement and construction (EPC) order to improve power management systems, including telegraph poles, electric wire, transformers and power meters, in the southern and eastern areas of the Dominican Republic for the next two years. The company explains that the project is aimed at reducing the republic’s electricity transmission loss rate, which is about 30%, and enhancing its power infrastructure to handle rising energy demands.
It is the third EPC project in the Dominican Republic, following previous ones in 2011 and 2016. The accumulated sales from the three projects amount to US$140 million, the Korean firm said.
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Yonhapnews
20 August 2018
