Marubeni, Posco up the ante in push for P8bn deal

The two Asian mega-corps – Marubeni from Japan and Posco from South Korea – won the tender to expand Morupule B by 300MW in 2015 and were due to have begun work last January. Morupule B currently has four units capable of producing 600MW and the new project would have added two more.

However, a dispute with government over guarantees and other commitments for the project has meant a prolonged delay and government has threatened to put the project on the back-burner arguing that the country was being asked to shoulder an unfair proportion of risk for the project.