Korea Electric Power Corporation, an integrated electric utility, engages in the generation, transmission, and distribution of electricity; and development of electric power resources in the Republic of Korea. Power Generation As of December 31, 2013, the company and its generation subsidiaries had a total of 598 generation units, including nuclear, thermal, hydroelectric and internal combustion units, representing total installed generation capacity of 70,845 megawatts. The company’s thermal units produce electricity using steam turbine generators fired by coal, oil and LNG. Its internal combustion units use oil or diesel-fired gas turbines and its combined-cycle units are primarily LNG-fired. Korea Hydro & Nuclear Power Co., Ltd. (KHNP) KHNP owns and operates 23 nuclear generation units at 4 power plant complexes in Korea, located in Kori, Wolsong, Yonggwang (Hanbit) and Ulchin (Hanul), 50 hydroelectric generation units including 16 pumped storage hydro generation units as well as 5 solar generation units and 1 wind generation unit as of December 31, 2013. Shin-Kori-2 and Shin-Wolsong-1, each with a 1,000 megawatt capacity, commenced commercial operation in 2012. The company is building five additional nuclear generation units, consisting of one unit with a 1,000 megawatt capacity and four units each with a 1,400 megawatt capacity at the Shin-Kori and Shin-Hanul sites, respectively. Transmission and Distribution The company transmits and distributes all of the electricity in Korea. As of December 31, 2013, its transmission system consisted of 32,249 circuit kilometers of lines of 765 kilovolts and others, including high-voltage direct current lines, and had 790 substations with aggregate installed transformer capacity of 279,520 megavolt-amperes. As of December 31, 2013, the company’s distribution system consisted of 105,740 megavolt-amperes of transformer capacity and 8,698,776 units of support with a total line length of 449,683 circuit kilometers. Overseas Activities The company provides a range of services, such as power plant construction, and specialized engineering and maintenance services in Korea. It has generation projects in the United Arab Emirates, China, Jordan, the Philippines, Saudi Arabia, Mexico, the United States, India, and Thailand; exploration and production projects in Indonesia, Australia, Canada, Niger, the United States, Nigeria, and France; and transmission and distribution projects in India, Kazakhstan, and Dominican Republic. North Korea Kaesong Complex: As of December 31, 2013, the company supplied electricity to 245 units, including administrative agencies, support facilities and resident corporations, using a tariff structure identical to that of South Korea. Strategy Key elements of the company’s strategy include strengthening reliability of its domestic operations; expanding overseas business; creating a platform for new business growth opportunities; and fulfilling social responsibilities as an electricity provider. Environmental Programs The Environmental Policy Basic Act, the Air Quality Preservation Act, the Water Quality Preservation Act, the Marine Pollution Prevention Act and the Waste Management Act, collectively referred as the Environmental Acts, are the major laws of Korea that regulate atmospheric emissions, waste water, noise and other emissions from the company’s facilities, including power generators and transmission and distribution units. The company’s existing facilities are in material compliance with the requirements of these environmental laws and international agreements, such as the United Nations Framework Convention on Climate Change, the Montreal Protocol on Substances that Deplete the Ozone Layer, the Stockholm Convention on Persistent Organic Pollutants and the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal. Regulation The company is a statutory juridical corporation established under the KEPCO Act for the purpose of ensuring a stable supply of electric power and further contributing toward the sound development of the national economy through facilitating development of electric power resources and carrying out proper and effective operation of the electricity business. The company operates under the general supervision of the Ministry of Trade, Industry and Energy. The Ministry of Trade, Industry and Energy, in consultation with the Ministry of Strategy and Finance, is responsible for approving, subject to review by the Korea Electricity Commission, the electricity rates the company charges its customers. Significant Events In March 2015, THE LOCAL UNIT of Korea Electric Power Corp. (KEPCO) is planning to build a 300-megawatt (MW) coal-fired power plant in Cebu in a bid to further expand its presence in the local power sector. History Korea Electric Power Corporation was founded in 1961.
korea electric power corp
(015760:Korean Stock Exchange)
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