Malaysian gas plant partly owned by KEPCO breaks ground
Kim Dong-cheol, third from right, chief executive officer of the state-run Korea Electric Power Corp. (KEPCO), poses with Malaysian officials at an inauguration ceremony of a gas plant in Malaysia. Courtesy of KEPCO
An inauguration ceremony to kick off the construction of a gas plant in Malaysia partly owned by Korea's state-run Korea Electric Power Corp. (KEPCO) took place Tuesday in the Southeast Asian country, KEPCO said.
The event was held in Pulau Indah, approximately 60 kilometers southwest of Kuala Lumpur, with the chief executive officer (CEO) of KEPCO, Kim Dong-cheol, and Malaysian government officials in attendance, according to the company.
KEPCO owns a 25 percent stake in the plant, which is expected to generate up to 1,200 megawatts of electricity. The company will also oversee the entire process, from construction to operation, of the facility, it said.
The company predicted the plant to generate up to 11.6 trillion won ($9.3 billion) in sales over the next 21 years.
"The successful construction of the gas plant will not only strengthen trust between the two nations but serve as an opportunity for KEPCO's overseas businesses to be recognized on the global stage," Kim said.
This year marks the 65th anniversary of the establishment of diplomatic relations between Korea and Malaysia.
Meanwhile, Kim met with the head of Malaysia's state-run electricity company, Tenaga Nasional Berhad, in Kuala Lumpur and discussed expanding partnerships in various areas, including renewable energy businesses, KEPCO added.