BUSINESS

KOMIPO signs MOU with Indonesia for hydropower

By Korea Herald
  • Published : Apr 1, 2013 - 19:49
  • Updated : Apr 1, 2013 - 19:49

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)


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