TEMPO.CO, Jakarta – The government will team up with Korea Midland Power Co. (KOMIPO)—a South Korean company—to develop the Semangka hydro power plant (PLTA) in Lampung.
Korea Midland announced Wednesday the beginning of the PLTA construction, which is located in Sidomulyo village, Tanggamus district, Lampung. The plant boasts the capacity of 2x28 megawatt (MW) with an investment value of Rp1.7 trillion.
This is the second time the Korean company is involved in a PLTA project. KOMIPO had previously invested in the 60-MW Wampu PLTA project in North Sumatra in 2011 with a total investment of Rp2.5 trillion.
The construction of the Semangka PLTA is scheduled to finish in September 2017. Of the Rp1.7 trillion, Korea Midland contributes some US$118.42 million with a compensation period of about 30 years.
KOMIPO is upbeat that its involvement in two PLTA projects in the country will spell wider opportunities for small and medium-sized Korean companies to engage in overseas projects.
KOMIPO is presently partnering with five Korean companies, including POSCO Engineering and Heachang Construcion Co.