Japanese resources company Marubeni Corp will pull out of the Thabametsi South African coal plant project, the group told Reuters on Wednesday, following the withdrawal of some South African investors this week. Marubeni's exit from the 630 megawatt (MW) Thabametsi coal-based power plant project in the water-scarce northern Limpopo province also follows the withdrawal of South Korea's state-run Korea Electric Power Corp (KEPCO) last month.
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