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KOMIPO Discusses Investment in Power Generation Projects with Indonesian Gov’t
Indonesian Energy Project
KOMIPO Discusses Investment in Power Generation Projects with Indonesian Gov’t
  • By Lee Song-hoon
  • September 21, 2017, 04:30
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Kwak Byeong-sool (left), vice president of Korea Midland Power (KOMIPO), shakes hands with officials after attending the 2017 Indonesia Infrastructure Investment Forum at the Millennium Seoul Hilton Hotel in Seoul on Sept. 20. (photo courtesy: KOMIPO)
Kwak Byeong-sool (left), vice president of Korea Midland Power (KOMIPO), shakes hands with officials after attending the 2017 Indonesia Infrastructure Investment Forum at the Millennium Seoul Hilton Hotel in Seoul on Sept. 20. (photo courtesy: KOMIPO)

 

Korea Midland Power (KOMIPO) announced that the company attended the 2017 Indonesian Infrastructure Investment Forum held at the Millennium Seoul Hilton Hotel in Seoul, Korea on September 20 and requested active support and cooperation from the Indonesian government.

Korea Midland Power is a major foreign investor in the Indonesian power generation business. Midland Power's Cirebon 1 Thermal Power Plant (660MW) and Wampu Hydro Hydroelectric Power Plant (45MW) recorded the first and second highest utilization rates among local power plants in 2015.

In addition, Korea Midland Power is carrying out projects to build Tanggamus Hydroelectric Power Plant (55MW) and Cirebon No. 2 (1000MW) Power Plant to be completed by the end of the year. Furthermore, Cirebon No. 3 Power Plant (660MW) and Siborpa Hydroelectric Power Plant (114MW) with investment approval are in the works. Korea Midland Power owns 3900MW power generation facilities in Indonesia.

Korea Midland Power discussed investment plans and cooperation on the development of new power generation projects with Bambang Brodjonegoro, minister of national development planning of Indonesia and Indonesian social infrastructure managers.

Korea Midland Power asked the Indonesian authorities for active support and cooperation, saying that the company needs support and approval from the Indonesian government to develop and invest in new business projects in Indonesia. So Indonesian minister Brodjonegoro promised to cooperate for continuous and successful new business promotion, Midland Power said.