English Chinese Japanese Arabic Spanish
Home All Headlines
All HeadLines
2009/07/23 14:56 KST
(LEAD) Korea Electric Power buys into Indonesian coal producer

By Nam Kwang-sik
SEOUL, July 23 (Yonhap) -- Korea Electric Power Corp. (KEPCO) said Thursday it has purchased a 1.5 percent stake in Adaro Energy, Indonesia's second-largest coal producer, for US$56.5 million.

The stake purchase will allow KEPCO to secure three million tons of coal annually, the company said in a statement.