Korea South - East Power , a unit of the state - run Korea Electric Power , said Monday it has signed an agreement to invest in a project to build coal - powered thermal power plants in India . Under the deal signed with Jinbhuvish Power Generation Private Limited ( JPGPL ) , the two will establish a company to co - build two 300 , 000 kW thermal power plants in the area of Yavatmal , Maharashtra . The South Korean company will control a 40 percent stake in the project . The power plants will be completed in 2016 and be operated for 25 years . Korea South - East Power expects about 1 . 25 trillion won ( $ 1 . 14 billion ) in profits during the period . The project will be implemented in a build , own and operate ( BOO ) basis . [ Written by Yoo - jin Seo / edited by Soyoung Chung ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]