Coal, New Projects

South Korea’s EWP utility wins $450m Indonesia coal plant order

18 February 2010 – Korea East-West Power (EWP) has won a $450m order to build a coal power plant in Indonesia.
EWP, fully owned by state-run power utility Korea Electric Power Corp (KEPCO) said in a statement it had signed a memorandum of understanding with Indonesia’s Bakrie Power to build two 100 MW power plants in Sangatta, in eastern Kalimantan over three years to 2013.
EWP will also join in the operation and maintenance of the plants for 30 years, receiving $39m per year, the statement added.