Korea Midland Power Company Limited (KOMIPO) has signed an MoU with the Indonesian government to construct and operate a 284 MW hydroelectric power plant in the Murung Raya region of Kalimantan island, Indonesia. The Muara Juloi hydropower plant that will involve an investment of $400 million will be constructed in four years. KOMIPO will have operating rights for 30 years after the construction of the plant. The company, one of the six power generation subsidiaries of the state-run Korea Electric Power Corporation, also runs a 660 MW coal-fired thermal power plant at Cirebon in West Java, Indonesia.