Korean investors commit $400m to US power plant

A group of South Korean investors are investing both debt and equity in a New York project.

A group of South Korean investors have committed a total of $400 million of debt and equity to a gas-fired power plant project in the US, according to project developer Advanced Power.

The $1.6 billion Cricket Valley Energy Centre is a 1,100-megawatt natural gas-fired electric generation facility located in Dover, New York, which is scheduled for operation in 2020.