KEPCO reaffirms commitment to PH energy sector

The company currently operates a 200-megawatt coal-fired plant.

The Korea Electric Power Company (KEPCO) has reaffirmed its commitment to investing in the Philippine energy sector, as it aims to fuel its renewable power investments to achieve its carbon neutrality goal by 2050.

KEPCO President Kim Dong-Cheol expressed this commitment during a recent meeting with the Philippines’ Energy Secretary Raphael Lotilla.

The statement was made despite earlier announcements regarding the sale of the company’s coal assets in the country as part of its transition to clean energy.

KEPCO currently operates a 200-megawatt (MW) coal-fired power plant in Naga City, Cebu, a joint venture of KEPCO Philippines Holdings Inc. and Cebu-based SPC Power. The Korean firm also has a 38% share in Solar Philippines subsidiary Solar Philippines Calatagan Corp., which runs a 63.3-MW solar farm in Calatagan, Batangas.

“We look forward to further collaboration in building a cleaner, more resilient, and technology-driven energy future for the country,” Lotilla said.