KEPCO completes Cebu power plant

Korea Power Electric Corp. has completed a new power plant in Cebu, the Philippines.

This made KEPCO the fourth-largest electric power supplier in the Southeast Asian country.

The 200-megawatt power plant took three years and US$451 million to build. The plant put KEPCO's power supply in the Philippines at 2,050 megawatts, almost 15 percent of all electric power consumed in the country, it said.

"During its three years of construction, the plant contributed greatly to the Philippines' economy by hiring an average of about 2,000 local workers a day while also helping resolve the problem of power shortages," KEPCO said in a press release.