Korea's KEPCO to build first plant in Malaysia

The 1.3GW plant costs around $1b.

State news agency Yonhap reported that the Korea Electric Power Corp. (KEPCO) said it will team up with Malaysian energy company Tadmax Resources to build a gas-fired power plant in the Southeast Asian nation.

South Korea's largest utility company signed a joint development agreement with Tadmax in September to build a 1,300 megawatt power plant in Pulau Indah, located 60 kilometers southwest of Kuala Lumpur, Malaysia's capital.

KEPCO holds a 25 percent stake in the $1 billion project.

The project aims to get final approval from the Malaysian government in the third quarter of 2018 and to begin construction in late 2019.

When the plant is completed in 2023, it will provide electricity to Kuala Lumpur, KEPCO said.