Korea Electric Power Corporation, an integrated electric utility company, engages in the transmission and distribution of electricity in Korea. The company, through its six wholly-owned generation subsidiaries, also generates the majority of electricity produced in Korea. As of December 31, 2015, the company and its generation subsidiaries owned approximately 75.0% of the total electricity generation capacity in Korea (excluding plants generating electricity primarily for private or emergency use). In 2015, the company sold to its customers approximately 483,655 gigawatt-hours of electricity. The company purchases electricity principally from its generation subsidiaries and to a lesser extent from independent power producers. Of the 504,104 gigawatt-hours of electricity that the company purchased in 2015; 32.4% was generated by Korea Hydro & Nuclear Power Co., Ltd. (KHNP), the company’s wholly-owned nuclear and hydroelectric power generation subsidiary; 50.5% was generated by its wholly-owned five thermal generation subsidiaries; and 17.1% was generated by independent power producers that trade electricity to the company through the cost-based pool system of power trading (excluding independent power producers that supply electricity under power purchase agreements with the company). The company’s five thermal generation subsidiaries are Korea South-East Power Co., Ltd.; Korea Midland Power Co., Ltd.; Korea Western Power Co., Ltd.; Korea Southern Power Co., Ltd.; and Korea East-West Power Co., Ltd., each of which is wholly owned by the company. Power Generation As of December 31, 2015, the company and its generation subsidiaries had a total of 618 generation units, including nuclear, thermal, hydroelectric and internal combustion units, representing total installed generation capacity of 73,282 megawatts. Its thermal units produce electricity using steam turbine generators fired by coal, oil and liquefied natural gas (LNG). The company’s internal combustion units use oil or diesel-fired gas turbines and its combined-cycle units are primarily LNG-fired. It also purchases power from various generation plants not owned by the company’s generation subsidiaries. KHNP KHNP owned and operated 24 nuclear generation units at 4 power plant complexes in Korea, located in Kori, Wolsong, Yonggwang (Hanbit) and Ulchin (Hanul); 51 hydroelectric generation units, including 16 pumped storage hydro generation units; 5 solar generation units; and 1 wind generation unit as of December 31, 2015. Power Plant Remodeling and Recommissioning The company’s generation subsidiaries supplement power generation capacity through remodeling or recommissioning of thermal units. Recommissioning includes installation of anti-pollution devices, modification of control systems and overall rehabilitation of existing equipment. Transmission and Distribution As of December 31, 2015, the company’s transmission system consisted of 33,316 circuit kilometers of lines of 765 kilovolts and others, including high-voltage direct current lines, and the company had 822 substations with aggregate installed transformer capacity of 298,294 megavolt-amperes. As of December 31, 2015, the company’s distribution system consisted of 110,082 megavolt-amperes of transformer capacity and 8,960,818 units of support with a total line length of 465,278 circuit kilometers. As of December 31, 2015, the company installed 2.5 million smart meter units, and plans to install an additional 2.0 million units in 2016. Overseas Activities The company engages in various overseas activities. It provides a range of services, such as power plant construction and specialized engineering and maintenance services in Korea, as well as establishing strategic relationships with countries that are or might become providers of fuels. Generation projects: The company engages in three major power projects in the Philippines, such as a ‘build, operate and transfer’ of a 1,200-megawatt combined-cycle power plant project in Ilijan; ownership of a 40% equity interest in SPC Power Corporation, an independent power producer, which owns a 107.8-megawatt diesel power p
korea electric power corp
Phone: 82 6 1345 4299
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