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(LEAD) Korea Electric Power buys into Indonesian coal producer

All Headlines 14:56 July 23, 2009

(ATTN: CHANGES the purchase price at lead)
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.


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