South Korea’s state-owned utility Korea Electric Power (Kepco) has announced that will move ahead with investments in the construction of two coal-fired power plants on the Indonesian island of Java.
The plant has however caused a great deal of controversy. A petition was filed by Korean and Indonesian litigants in August 2019, requesting Korean banks to stop funding the project.
The litigators have objected to the development of the project in the region citing environmental reasons. The Suralaya power plant is located approximately 122km north-west of Jakarta, a region already populated with 22 coal-fired power plants. The Banten region is also populated with 52 coal power projects.
It appears as if the opposition is causing delays for the project.
South Korea is the third biggest public financier of coal and this project investment indicates that the government may not be ready for 100% commitment to its green climate pledge.
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