Daelim Wins Indonesia’s Upper Cisokan Hydropower Plant Project
DATE 2015.10.12
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Daelim Wins Indonesia’s Upper Cisokan Hydropower Plant Project
Indonesian PLN Regional Director Supangkat Iwan Santoso (sixth from right), Daelim Civil Engineering Business Division’s Managing Director Lee Gi-Yong (fifth from right), WIKA Vice President Budi Hartor (fourth from right), and Astaldi Jakarta Branch Manager Maras (third from right) pose for a commemorative photo. Daelim announced on Oct. 10, 2015 that it signed a contract to build the Upper Cisokan Hydropower Plant with Indonesian State Electricity Corporation (PLN). The contract signing ceremony was held at PLN’s head office in Jakarta, the capital of Indonesia. PLN’s regional director Supangkat Iwan Santoso and Daelim’s managing director Lee Gi-Yong attended the signing ceremony.
The project was ordered to meet the recent rapidly increasing electric power demand in Indonesia. The project will be carried out with the support of a World Bank loan. Daelim is set to perform the project together with Italian Construction Company Astaldi and WIKA, Indonesia’s state construction company. The total construction cost is KRW 269.3 billion, and Daelim’s stake is KRW 107.7 billion.
The Upper Cisokan Hydropower Plant is Indonesia’s first pumped storage hydropower plant composed of the 75.5m high upper dam and the 98m high lower dam. The pumped storage power plant pumps up water to a reservoir using surplus water in the middle of night and generates power using the water when power consumption is huge. The power generation capacity is 1,040MW, and the construction site is located on the tributary of Cisokan River, 126km southeast from Jakarta. The construction duration is 50 months.
Daelim won five civil engineering works worth KRW 1.6 trillion in Southeast Asia this year, and it has been successful in diversifying overseas markets. By winning this project following the Karian Multipurpose Dam project in June 2015, the company is performing two construction projects in Indonesia. Daelim also won two sea bridge construction projects in Brunei and one harbor construction project in Singapore.
“Winning diverse construction projects including dam, bridge, and harbor in the global construction markets is a global recognition of our technological prowess. We plan to expand our business area as a global developer taking charge of searching, planning, financing, construction, and operation & management of projects,” said Daelim President Kim Dong-su.
