Economic News in Brief Korean Government to Push for Development of 200m Deep-Sea Water

February 28, 2001 - 0:0
SEOUL The government will push ahead with the development of fresh spring water and air-cooling energy utilizing sea water from a depth of 200 meters starting this year, the Ministry of Maritime Affairs and Fisheries said Tuesday. After completing feasibility and profitability surveys last year, the ministry will invest 2.85 billion won ($2.28 million) this year in developing water usage models and designing facilities to pump the deep-sea water. UK's Bowman in Joint Venture With Japan's Mitsui to Sell Gas Microturbines TOKYO The UK's Bowman Power Systems Ltd. announced on Monday that it has established a joint venture in Japan with Mitsui & Co. (TSE: 8031), Kubota Corp. (TSE: 6326) and NTT Facilities Inc. to sell gas microturbine systems for power and heat generation. The joint unit will sell the efficient cogeneration systems, which make use of heat produced during power generation, to office buildings, hotels, hospitals and other facilities starting from June. Pakistan, Egypt Agree to Boost Trade Relations ISLAMABAD Pakistan and Egypt have agreed to further promote trade relations, Pakistan Foreign Office Spokesman told reporters on Tuesday. Briefing media representatives on the visit of the Pakistan Chief Executive, General Parvez Musharraf to Egypt for attending the D-8 summit, the spokesman said the Pakistani ruler also held talks with Egyptian President Hosni Mubarak.