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THE INVESTOR

Industrials

KEPCO to build power plant in Malaysia

  • PUBLISHED :November 15, 2017 - 11:00
  • UPDATED :November 15, 2017 - 11:00
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[THE INVESTOR] The state-run Korea Electric Power Corp. said on Nov. 15 that it will team up with Malaysian energy company Tadmax Resources to build a gas-fired power plant in the Southeast Asian nation.

Korea’ largest utility company signed a joint development agreement with Tadmax in September to build a 1,300 megawatt power plant in Pulau Indah, located 60 kilometers southwest of Kuala Lumpur.

KEPCO holds a 25 percent stake in the US$1 billion project.

The project aims to get final approval from the Malaysian government in the third quarter of 2018 and to begin construction in late 2019.

When the plant is completed in 2023, it will provide electricity to Kuala Lumpur, KEPCO said.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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