Chinese investor to build $2.5b mine mouth power plan

PALEMBANG (Antara): China's Huadian Hongkong Company Ltd. will build a mine mouth power plant with a capacity of 4x600 MW in South Sumatra at a cost of US$2.5 billion.

The company was in the middle of applying for permits to build the power plant, its director, GeHongwu, said following a meeting with South Sumatra Governor Syahrial Oesman Wednesday.

"We have already secured some of the permits,"Hongwu said without elaborating.

The company would start constructing the powerplant next year, he said.

The first phase of the power plant with a capacity of 2X600 MW would be completed in 2011, he said adding the whole project was scheduled for completion in 2013.