Indonesian Political, Business & Finance News

Daelim wins RI project

| Source: AFP

Daelim wins RI project

SEOUL (AFP): South Korea's Daelim Engineering Co., said yesterday it had won a US$350-million contract to build a thermal power plant in Indonesia.

Under the turnkey contract, Daelim will build two coal-fired 100-megawatt and two 50-megawatt plants for the Sibolga and Amurang power stations, starting this year and completing the project in 1999.

The contract, authorized by Indonesian's state-run PT Perusahan Listrik Negara, involves design, procurement and construction, the company said.

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