Korea's Energy Minister Shows Great Interest in Malaysian Power Plant Project

Korea's Energy Minister Shows Great Interest in Malaysian Power Plant
Project

Minister of commerce, industry and energy Joo Hyung-hwan began to support
Korean companies' winning an order to build a US$750 million combined cycle
power plant using natural gas in Malaysia.

Korean minister Joo met Maximus Johnity Ongkili, minister of energy, green
technology and water of Malaysia at the Hyatt Hotel in Jeju on March 17. In
the meeting, minister Joo asked minister Ongkili to allow Korean companies
to participate in the project.

"We ask you to help Korean companies to take part in the combined cycle
power plant construction project for which a bidding process is now
underway," Minister Joo asked minister Ongkili in the meeting.

Malaysia's Pura Indah Combined Cycle Power Plant using natural gas is a
1200-megawatt power generation project. The final successful bidder will be
determined by the first half of next year. About 10 companies including
Korean companies submitted their letters of intent to participate in the
project.

In the energy ministers' meeting on the day, the two countries agreed to
revise the green technology cooperation agreement (MoA) by June this year.
This agreement signed in September 2010 is a framework for energy
cooperation between the two countries.

The amendment covers energy technology, nuclear energy, new energy
industries, new and renewable energy, and electric vehicles. Malaysia is the
fourth largest liquefied natural gas (LNG) exporter to Korea.

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Link to Original Article:
http://www.businesskorea.co.kr/english/news/industry/17586-750m-energy-proje
ct-korea%E2%80%99s-energy-minister-shows-great-interest-malaysian-power

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com