Korea Midland Power Co. (KOMIPO), a subsidiary of Korea Electric Power Corporation (KEPCO), said on May 16 that it inked a memorandum of understanding with the Indonesian government to jointly build a coal-fired thermal power plant with a production capacity of 660 megawatts in Cirebon (West Java) and a hydroelectric power plant with a production capacity of 50 megawatts in Pongkeru (South Sulawesi).
The two projects will be carried out as part of the Indonesia government’s plan to expand the nation’s power infrastructures by 35 gigawatts in five years. The 660 megawatt Cirebon coal-fired thermal power plant project is a follow up to the country’s ongoing Cirebon coal-fired thermal power plant project.
KOMIPO is expected to acquire a 27.5 percent stake in the project. S. Korea’s Samtan, Japan’s Marubeni and Indonesia’s Indika Energy will also participate in the project.
The Pongkeru hydroelectric power plant project is KOMIPO’s third hydroelectric power project in Indonesia. The 45 megawatt Wampu Hydroelectric Power Plant has been put into commercial operation; the 55 megawatt Semangka Hydroelectric Power Plant Project is underway. KOMIPO plans to invest in a 60 percent stake in the project. S. Korea’s Posco Engineering and Indonesia’s PT.Sulindo Putra Timur will also participate in the project.
