[Courtesy of Korea Hydro & Nuclear Power]
SEOUL -- Korea Hydro & Nuclear Power (KHNP), the operator of South Korea's nuclear power plants, will team up with three domestic firms to build and manage a hydropower plant in Indonesia.
KHNP said Tuesday in a statement that it signed a memorandum of understanding with Lotte Engineering & Construction, Dohwa Engineering and Korea Development Co. (KODECO) to join hands in building a 48-megawatt hydropower plant in the Southeast Asian nation.
KHNP president Chung Jae-hoon said the project would become a "symbiotic" business model between public and private companies. The company plans to sign a power purchase agreement with Perusahaan Listrik Negara (PLN), an Indonesian government-owned corporation which generates the majority of the country's electrical power.
The joint team will build and manage the power plant for 30 years before handing it over to Indonesia.
reporter
Park Sae-jin
swatchsjp@ajunews.com
