Korea East-West Power Co. said it has started construction Wednesday of two power plants with generation capacity of 500 MW each.

The construction is estimated to cost WON1.87 tn US$1=KRW1225.9), the company said in a statement.

Korea East-West Power is one of the six power generation units that were split from the state-run Korea Electric Power Corp. (KEP), or Kepco, last year.

The two new plants are the fifth and the sixth coal-fired power plants in Tangin, in the central region of South Korea, the statement said.

Construction for the fifth plant is scheduled to be completed in December 2005 and sixth in June 2006.