South Korea’s KEPCO Invests In Coal Project Despite Controversy

South Korea’s largest electric utility, state-controlled Korea Electric Power Corporation (KEPCO), has decided to buy a minority stake in a coal project in Indonesia despite local opposition and growing pressure from investors for companies to ditch investments in the dirtiest fossil fuels. KEPCO’s board of directors decided on Tuesday to pursue the US$-51 million investment to buy 15 percent in the Jawa 9 & 10 coal project in Indonesia, a company spokesman told Bloomberg. The Jawa 9 and 10 coal-fired power plants will have…