Korean and Italian firms have won roles building a major new hydropower scheme in Indonesia, financed by the World Bank.

Italy’s Astaldi Group and South Korea’s Daelim, in joint venture with an Indonesian firm, Wika, will build the dams for the planned $800m Upper Cisokan hydroelectric power plant on the Island of Java.

The two contracts, together worth $234m, are Astaldi’s first in Indonesia and follow its strategy of international expansion.

Daelim is a 40% shareholder in the JV, with Astaldi and Wika each holding 30%.

The Upper Cisokan pumped storage power plant will be the first of its kind for Indonesia and is expected to provide over 1,040 MW of peak-hour electricity to the Java-Bali power system.

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Posted October 22, 2015 by repit in News

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