Jakarta (ANTARA News) - PT Indo Raya Tenaga (Indonesia) agreed on a commitment with Doosan Heavy Industries and Construction (South Korea) for the construction of Unit 9 and 10 of Suralaya Coal Fired Power Plant in Banten.
"This MoU is very meaningful. We hope that the construction of Unit 9 and 10 of Suralaya Coal Fired Power Plant will run smoothly in the future," President Director of PT Indo Raya Tenaga Sapto Aji Nugroho in a statement received here on Monday.
The signing of the memorandum of understanding was carried out at the Korea-Indonesia Industrial Cooperation Forum held at Lotte Hotel, Jung-gu, Seoul.
Nugroho said that Doosan had been chosen as the EPC (Engineering, Procurement and Construction) contractor for Unit 9 and 10 of Suralaya Coal Fired Power Plant in Banten.
In the proposal, Doosan has included K-Exim and K-Sure, South Korean export financing institutions.
A leader of EPC Business Group Doosan Heavy Industries & Construction, Yun Seok Won, said that the total cost of Suralaya Power Plant construction was estimated at 1.9 trillion Won.
However, the value of the work unit involving Doosan Heavy Industries and Construction is projected to reach around 1.5 trillion Won.
"With this MoU, we will be able to further strengthen our partnership with the Indonesian Government and clients," he said.
Through the implementation of the project, Doosan plans to increase its contribution to Indonesia`s efforts to meet its electricity needs.
"We plan to expand it. The construction of Unit 9 and 10 of Suralaya Coal Fired Power Plant will be started in the first quarter of 2019," he stated.