Sino Construction subsidiary completes construction of first MPP in South Korea

Joint venture with Primeforth Renewable Energy.

The new Micro Power Plant (MPP) will now proceed to undergo stringent compliance and safety standards, after certification by Korean Power Exchange (KPX).

In a media release, Sino Construction Limited today announced that its subsidiary, Magnum Modular Power Generation Pte Ltd which is a joint venture with Primeforth Renewable Energy Limited, has completed the construction of the first Micro Power Plant, named “KOREA MPP ONE”, in South Korea.

MMPGPL is awaiting final inspection and certification from the Korea Power Exchange.

The media release adds that the company is engaged in a multi-year execution programme to rollout a number of MPP requiring renewable fuel feedstock. A second location has already been secured in the City of Pohang, with licensing pending normal approval processes.

Drew Madacsi, Interim Executive Director of Sino Construction Limited, says: “The South Korean MPP programme remains important to the Company’s cashflow strategy, allowing the potential opportunity to divest from under-performing producing assets, such as Elite Bay Sdn Bhd, which is currently under internal review”.