NOTE: The article below is a translation of what originally appeared in Korean. To download the Korean-language press release click the following link:
RCI KWP Energy News 7.04.2012 Korea Western Power MOU
Korea Western Power (President gimmundeok) is headquartered in Vancouver, Canada, RCI Capital Group and co-operation on resource development memorandum of understanding (MOU) was signed four days.
RCI Capital Group is an investment in the Asia-Pacific region as the main stage, and investment advisors through a MOU biomass in North America, including Canada and coal resources development and transport infrastructure, and jointly develop a plan for the development of the West.
Canada is rich in natural resources, forest resources, and the 8.7 billion tons of coal reserves and mineral resources of North America, Korea and Japan, and can be exported to Asia, which had strategic importance is the large harbor. western development of Australia’s high-calorie coal alternative source of high-calorie coal produced in western Canada has been purchasing about 50 million tons of bituminous coal per year are to be introduced as a long-term contract.
WP through this MOU is an international resource market is changing rapidly diversifying fuel sources in North America to take advantage of the abundant forest resources by generating new revenue sources, such as biomass fuel and ensure diversification are expected to contribute to.