FuelCell Energy Inc (FCEL)

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http://m.news.naver.com/read.nhn?mode=LSD&mid=sec&sid1=102&oid=003&aid=0008085028

Google translation of the above.

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Ansan fuel cell power plant company can not be selected

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[Ansan = NewSea] Reporter Lee Jong-il = Gyeonggi Ansan fuel cell power plant construction project was postponed for two years. The photograph shows that the officials of Gyeonggi Province, Ansan City, Samchully, Korea West Power Co., Ltd. and CJ CheilJedang are concluding an 'Ansan Fuel Cell Power Generation Project Joint Implementation Agreement' on July 27, July 24, 2017. (Photo = provided by Ansan city) <This photo is photo data dated July 27, 2015> [e-mail]

[Ansan = NewSea] Reporter Lee Jong-il = Gyeonggi Ansan fuel cell power plant construction project was postponed for two years.

On July 24, five sites, including Gyeonggi Province, Ansan City, Samchully, Korea West Power Co., and CJ CheilJedang, signed an agreement on July 27, 2015 to jointly promote fuel cell power generation projects .

According to the agreement, five cities, including Ansan City, will build a fuel cell power plant capable of producing 240,000 MW a year at the CJ CheilJedang factory site in Sangrok-gu, Ansan, by the end of this month. It was delayed.

Samchully agreed to select POSCO Energy, which has fuel cell production technology, as a manufacturer until last year, but failed due to the internal circumstances of POSCO Energy.

Domestic fuel cell makers include Doosan Group, POSCO Energy, and POSCO Energy, which owns the fuel cell technology for steam and heat.

Ansan City and other five cities discussed the plans to join foreign fuel cell producers during a meeting with POSCO Energy on March 10th and 14th this month.

Ansan City, and others decided to extend the two-year business agreement period to two months until July 26, 2019. The company will also decide on fuel cell manufacturers to participate in the project by next month.

Korea West Power Co., Ltd. and others are negotiating the establishment of SPC and Special Purpose Corporations (SPC). Ansan fuel cell power plant will cost 165 billion won.

At the time of the 2015 Convention, Gyeonggi Province and Ansan City will provide administrative support and Samchully will provide fuel supply, construction and installation. Korea West Power has been in charge of purchasing energy supply certificates first, and CJ CheilJedang has promised to provide the site and purchase steam and thermal power from the power plant.

When a fuel cell power plant is built, 1,200 jobs will be created, and Ansan City will receive 7.4 billion won in acquisition tax and subsidies. Fuel cells produce electricity using hydrogen and oxygen. They are environmentally friendly because they emit less greenhouse gas than fossil fuel power plants.

An official of the city said, "We decided to extend the agreement period and look for fuel cell producers." After the consultation is completed, we will start construction in May next year through administrative procedures such as permits and permits.