Daewoo Engineering chief pitches 'all-in-one' SMR, LNG and AI data center package to Indonesia

Daewoo Engineering & Construction is making a full-scale push into the Indonesian market with an integrated development package combining small modular reactors (SMR), LNG terminals and power plants, and AI data centers.

The company said Monday that Chairman Jung Won-joo visited Jakarta, Indonesia, from Tuesday to Saturday, meeting with local political and government figures as well as major developers to discuss cooperation across real estate — including integrated development and new town projects.

Indonesia is central to Daewoo Engineering & Construction's overseas hub-building strategy, anchored on North America, Asia and Africa. The company has consistently expanded its business across multiple sectors since its first entry in 1986, and through this visit Jung cemented Indonesia's standing as a core strategic market for the company's future.

During the trip, Jung held a series of meetings with Sugeng Suparwoto, chairman of the Indonesian House of Representatives' Commission XII; Todotua Pasaribu, deputy minister for investment and downstream industries; Pandu Sjahrir, chief investment officer of Danantara, Indonesia's sovereign wealth fund; and Seung Bum-soo, senior vice chairman of the Korindo Group.

In his meetings with Commission XII energy committee chairman Sugeng and Deputy Minister Todotua, Jung introduced Daewoo Engineering & Construction's construction experience and technical capabilities in LNG plant and energy infrastructure. Jung then proposed an "all-in-one integrated development" model pairing SMR and LNG terminals and power plants with gigawatt-scale AI data centers. The Indonesian government expressed strong support for advancing the related projects.

In his meeting with CIO Pandu, Jung discussed ways to expand cooperation on a range of investment and development projects, including new town development. Both sides identified potential collaboration in large-scale development initiatives and agreed to continue identifying specific projects and deepening their partnership.

Since entering Indonesia in 1986, Daewoo Engineering & Construction has successfully completed seven projects worth a combined $540 million across construction, plant and industrial facilities — including a kraft paper factory, the District 8 building project and Phase 2 of the Tangguh LNG expansion project.

Last May, Jung called on President Prabowo Subianto, and in April the company signed an MOU with Sinar Mas Land and the Korea Overseas Infrastructure & Urban Development Corporation (KIND) at a Korea-Indonesia economic cooperation event to develop the Bumi Serpong Damai (BSD) new town.

Daewoo Engineering & Construction plans to consistently expand its SMR and LNG plant work in Indonesia alongside related AI infrastructure and real estate development. Drawing on its new town development experience — including Starlake City in Vietnam — and its urban development capabilities, the company intends to build a business model in Indonesia spanning both investment and development.

"Indonesia is a core strategic market for Daewoo Engineering & Construction, with strong growth potential," a company official said. "We will become a trusted partner contributing to Indonesia's sustainable growth across a wide range of fields, including real estate development, LNG plants, energy infrastructure and AI data centers."

Separately, Daewoo Engineering & Construction recently finalized its investment in a residential development project in Palisades Park, New Jersey, marking the company's return to the US real estate development market for the first time in 20 years.