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POSCO E&C selected as ‘preferred bidder’ for the 600-billion won power plant construction in Malaysia

NOV 19 ,2018

Attached file :

A bird’s-eye view of the 1200MW integrated gasification combined cycle power plant in Pulau Indah


- 1200MW integrated gasification combined cycle power plant construction project invested by Korea Electric Power Corporation (KEPCO)
- First foray into the Malaysian energy construction market… anticipating additional projects

POSCO E&C announced on the 19th that it has recently been selected as a preferred bidder for the 1200MW integrated gasification combined cycle power plant construction in Pulau Indah, approximately 50 km away from Kuala Lumpur, the capital of Malaysia.

Accordingly, POSCO E&C is now taking its first step into the Malaysian energy construction market.
Total construction cost is valued at 600 billion won.

POSCO E&C will be carrying out the project by forming a consortium with Mitsubishi Corporation in Japan (POSCO E&C 60%, Mitsubishi Corporation 40%). POSCO E&C will be in charge of EPC (engineering, procurement and construction), while Mitsubishi Corporation will provide the main equipment such as boilers and turbines.

This project will be stably conducted and financed, with Malaysian local real estate developer Tadmax, Selangor state government-affiliated investment company Worldwide, and Korea Electric Power Corporation (KEPCO) in Korea participating as joint investors.


POSCO E&C will sign an EPC agreement with the client early next year with the aim to begin commercial operation by January 2023. Once this power plant is completed, it will provide a stable power supply for 500,000 households in Kuala Lumpur, the capital of Malaysia.

“We have established the foundation to enter the Malaysian energy construction market where there will be a series of other projects as well,” said an official at POSCO E&C. “We will further enhance our global competitiveness with our know-how and technology accumulated in constructing power plants in Latin America.”

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