Parsons Power Group Inc. has been awarded contracts by POSCO Engineering and Construction Company Ltd. for engineering and design support for the 500 MW coal-fired Kwangyang plant and Pohang 13th LNG combined-cycle power plant projects in Korea. The Kwangyang project is the first Korean government-developed IPP program and will cost (US)$1.2 billion. The Pohang plant will cost (US)$150 million.