Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Korea to Become the First Foreign Investor in Resorts of the North Caucasus
2.11.2011 13:14
Korea to Become the First Foreign Investor in Resorts of the North Caucasus

Korea Western Power, one of the leaders in the green energy sphere, is to build a system of coil, sun and wind power stations. The Korean company has signed n agreement on investments with the state company Resorts of the North Caucasus. The sum of investments will make up $1 billion.

      
The agreement presupposes establishing a joint company, 50 % of shares will belong to Resorts of the North Caucasus, 40% to Korea Western Power and 10% to CHT Korea. The joint company should be registered officially by the end of 2011. according to the agreement, five power stations will be built, other objects will be planed after studying the location.

      
The foreign partners expect tax remissions, allotment of necessary land plots, infrastructure and state guarantees. The exact sum of the sate guarantees is not called but as it was reported earlier it may make up about 70% of all investments.

      
The state company Resorts of the North Caucasus was established in December 2010 for developing tourism in the region.

      

www.lenta.ru


Author: Irina Fomina

Tags: North Caucasus Russian tourism investment Russian business  

Next Previous


You might also find interesting:

RevPAR in Moscow Luxury Hotels during the World Cup 2018 Grew by almost 330%
13.08.2018
Ozon.Invest P2B Financing Service
15.05.2019
Amendments to the Law On Currency Regulation and Currency Control have been Drafted
09.11.2018
SPIEF 2018: The Russian Capital Market
24.05.2018
Mass Production of Aurus Cars will be Launched
23.01.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Influenza   Romanovs  Belogorod Region  the Pushkin Museum of Fine Arts  Alexander Kolchak  Boris Grebenshchikov  children  Books  Exhibitions in Moscow  Russian Literature  Russian tennis  Astrakhan  Primorye  Slovo festival  Aliens  Russian Astronauts  Astrophysics  Belorechensk  Russian government  Festivals in Moscow  MERS   Arkhip Kuindzhi  St. Petersburg Museums  Russian business  inventions  eclipse  Architecture Monuments  Lyudmila Alexeyeva  Russian tourism  Vladimir  sports show  Pskov  investment  Russian women  Moscow  Museum "Made in the USSR"   St. Petersburg  S7  Russian history  NATO  Moscow Archeology Museum  Russian Cinema  Vladimir Braginsky  Aeroexpress  Fires  Russian Film Distribution  Russian export  economic crisis  Mercedes-Benz Fashion Week Russia  Marina Neyolova  


Travel Blogs
Top Traveling Sites