Company forms joint ventures with Korean firms to tackles nuclear, thermal, gas and renewables sectors

Amec has joined forces with three Korean firms to tackle the energy business in South Korea.

The consultant said it had formed a joint venture with Korea Electric Power Corporation (KEPCO), Korea Gas Corporation (KOGAS) and Korea Development Bank (KDB).

The joint venture, called Amec Partners Korea, will target energy fields including nuclear, thermal power, gas developments and renewable schemes in South Korea and internationally.

The group will be governed by a seven-member board under the chairmanship of a director nominated by Amec, which is providing start up capital of £0.3m in cash and will hold a 54% shareholding in the company.