Korean Daewoo plans to build power plant in Indonesia

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FE Team | Published: April 14, 2011 00:00:00 | Updated: February 01, 2018 00:00:00

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JAKARTA, Apr 13 (Xinhua): South Korean firm Daewoo Engineering & Construction plans to build a power plant that worth 2.5 trillion rupiah (about 290 million US dollars) power plant in North Sumatra that will supply 60 megawatts of electricity to state utility provider Perusahaan Listrik Negara (PLN), local media reported here yesterday. Dahlan Iskan, president director of PLN, said Daewoo would sign an independent power producer agreement on Thursday, the closing day of the Indonesia International Infrastructure Conference in Jakarta. "We have already signed a power-purchase agreement with Daewoo, and we expect that construction can be completed by 2013," he said on the sidelines of the conference. Indonesia is hosting a three-day conference on infrastructure, organized by the Indonesian Chambers of Commerce and Industry. The state power company expects to raise the per centage of households that have access to electricity from 65 per cent currently to 91 per cent in 2019 and 100 per cent by 2020. Indonesian power grid has 31,000 MW of available power to supply the nation's 240 million people with electricity. PLN has struggled to meet rising demand for electricity in the country. It has been tasked with producing 55,484 MW nationwide by 2019 in order to boost the nation's economic growth, and it hopes to reach that level by offering 23,525 MW to the private sector through the Independent Power Provider (IPP) scheme, the Jakarta Globe reported..