E1 to build LNG power plant in Yeosu

[Courtesy of E1]

E1 Corp, an energy subsidiary of LS Group, is set to build a liquefied natural gas (LNG) power plant as part of its business expansion into LNG power generation.

The Ministry of Trade, Industry, and Energy approved E1’s acquisition of a full stake in Yeosu Green Energy on Friday.

Yeosu Green Energy, a special purpose company, is a licensor of community LNG supply in the city of Yeosu, South Jeolla Province.

With the acquisition of Yeosu Green Energy and its community energy supply license, E1 plans to build an LNG generation plant in Yeosu.