Korea Midland Power Co. said it inked a memorandum of understanding with the Indonesian government to construct and operate a large-scale hydroelectric power plant with the capacity of 284 megawatts in the Murung Raya region of Kalimantan Island, Indonesia.
The Muara Juloi hydropower plant will require a four-year construction period and $400 million project investment. KOMIPO will have operating rights for 30 years after construction of the plant.
KOMIPO, one of six power generation subsidiaries of the state-run Korea Electric Power Corp., also runs a coal-fired thermal power plant with a production capacity of 660 megawatts in Cirebon, West Java, Indonesia.
(
jyseo@heraldcorp.com)
