SEOUL (Reuters) - South Korea's Samsung (LON:0593xq) C&T Corp and Samsung Engineering Co Ltd (KS:028050) said on Thursday that orders for a thermal power plant project in Kazakhstan worth a combined 2.8 trillion won (1.89 billion pounds) have been cancelled.
The companies in December 2014 had said they will jointly carry out the construction of a coal power plant in Kazakhstan. On Thursday, Samsung C&T and Samsung Engineering said in separate regulatory filings the order has been cancelled as of Wednesday.
Samsung C&T said in another regulatory filing it exercised a put option for its stake in Balkhash Thermal Power Plant Joint Stock Company, the entity that placed the construction order to the Samsung companies, to Samruk Energy for $192.5 million.