Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. Through its six wholly-owned generation subsidiaries, the company also generates the substantial majority of electricity produced in Korea. As of December 31, 2014, the company and its generation subsidiaries owned approximately 77.6% of the total electricity generation capacity in Korea (excluding plants generating electricity primarily for private or emergency use). In 2014, the company sold to its customers approximately 477,592 gigawatt-hours of electricity. The company purchases electricity principally from its generation subsidiaries and to a lesser extent from independent power producers. Of the 490,018 gigawatt-hours of electricity the company purchased in 2014, 31.6% was generated by Korea Hydro & Nuclear Power Co., Ltd. (KHNP), its wholly-owned nuclear and hydroelectric power generation subsidiary, 54.6% was generated by its wholly-owned five thermal generation subsidiaries, and 13.8% 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., (KOSEP); Korea Midland Power Co., Ltd. (KOMIPO); Korea Western Power Co., Ltd. (KOWEPO); Korea Southern Power Co., Ltd. (KOSPO); and Korea East-West Power Co., Ltd. (EWP), each of which is wholly owned by the company and is incorporated in Korea. Power Generation As of December 31, 2014, the company and its generation subsidiaries had a total of 607 generation units, including nuclear, thermal, hydroelectric and internal combustion units, representing total installed generation capacity of 72,305 megawatts. The company’s thermal units produce electricity using steam turbine generators fired by coal, oil and LNG. The company’s internal combustion units use oil or diesel-fired gas turbines and its combined-cycle units are primarily LNG-fired. The company also purchases power from generation plants not owned by its generation subsidiaries. KHNP KHNP owns and operates 23 nuclear generation units at four 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, as well as 5 solar generation units and 1 wind generation unit, as of December 31, 2014. Transmission and Distribution The company transmits and distributes substantially all of the electricity in Korea. As of December 31, 2014, the company’s transmission system consisted of 32,795 circuit kilometers of lines of 765 kilovolts and others, including high-voltage direct lines, and the company had 805 substations with aggregate installed transformer capacity of 285,242 megavolt-amperes. As of December 31, 2014, its distribution system consisted of 107,804 megavolt-amperes of transformer capacity and 8,832,409 units of support with a total line length of 457,249 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, Vietnam, Chile, Nigeria, 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. Strategy As an overall strategy, the company seeks to become a global energy enterprise through enhanced global competitiveness and strengthening its contribution to the global environmental campaigns through continued development of ‘green’ and ‘smart’ power-related technologies. The company also intends to adapt to the growing uncertainties in global economy by selectively pursuing new business opportunities and through development of innovative technologies. In addition, the company is in the process of integrating a ‘creating shared values’ platform to its business model and operating strategy so as to enhance its social contributions, as well as financial profitability in the form of creating new business opportunities while promoting energy welfare for its consumers. Regulations The company is under the supervision of the Ministry of Trade, Industry and Energy, which has principal responsibility with respect to director and management appointments and rate approval. 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. Significant Events In September 2015, SK Telecom announced that it will work with Korea Electric Power Corp. (KEPCO) for new growth businesses including smart energy management systems. Under the agreement, the telecom company and the state-run power operator will jointly establish the next-generation electricity infrastructure and develop the smart grid systems based on the information and communication technology and energy technologies. The collaboration will also lead to the creation of a win-win business model with local small and medium enterprises. History Korea Electric Power Corporation was founded in 1961.
korea electric power corp
Phone: 82 61 345 4261
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To contact KOREA ELECTRIC POWER CORP, please visit www.kepco.co.kr. Company data is provided by Capital IQ. Please use this form to report any data issues.