Daewoo Wants Part in Indonesian Nuclear Project

Daewoo wants part in Indonesian nuclear project

JAKARTA, April 12 (Xinhua) — South Korean-based trading company Daewoo International wants to be involved in Indonesia’s first nuclear power plant project, offering its services and experience in building such plants, local press said Saturday.

Visiting Daewoo CEO Kang Young-won urged Indonesian officials to consider the project, as the company has a lot of experience in engineering and constructing nuclear power plants, reported major newspaper The Jakarta Post.

“We will be pleased to take part and contribute to the development of the Indonesian electricity system,” Kang was quoted as saying during the Indonesia-Korea business forum here on Friday.

Indonesian President Susilo Bambang Yudhoyono and his South Korean counterpart Roh Moo-hyun signed a cooperation agreement on a nuclear energy project in 2006 and planned construction for as early as 2010.

Muria Peninsula in Central Java is one location being considered for the plant. It was also former president Soeharto’s first choice of location.

The total capital of investment needed for the project, the Indonesian government said, could be up to 4.8 billion U.S. dollars.

The government said it expected the plant to start supplying electricity in 2016, with a total capacity of 4,000 megawatts to 6, 000 megawatts for Java and Bali exclusively.

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