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South Korea’s Daelim Industrial wins deal to build UCPS hydropower plant in West Java

JAKARTA ( – A consortium led by Daelim Industrial Co., South Korea’s fourth-largest builder, has won a deal valued at 269.3 billion won (US$231.9 million) to build a hydroelectric power plant, called the Upper Cisokan Pumped Storage (UCPS), in West Java Indonesia, the company said Sunday.

Daelim Industrial joined hands with Italian construction firm Astaldi SpA. and Indonesian state-run construction firm PT Wijaya Karya Tbk (WIKA) to clinch the Upper Cisokan Pumped Storage (UCPS) Power Project in West Java, funded by the World Bank. The South Korean firm holds a 1,077 billion-won stake in the project, according to Daelim Industrial, Yonhap reported.

The hydroelectric power station will be built in an upper tributary of the Cisokan River, some 126 kilometers southeast of Jakarta.

The 1,040 mega-watt power plant will produce electricity from a dam that has two reservoirs: the upper one 75.5 meters high and the lower one 98m high.

It is expected to take 50 months to complete construction.

The latest Indonesia contract is Daelim Industrial’s sixth project that it has won in the Southeast Asian region this year, including one to build a port facility in Singapore in February. (*)

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