News

Power Utility

Staff Reporter

, Korea

Published:

13 years ago

KEPCO unveils investment plans

KEPCO will invest $4.3 billion by 2030 in transmission and distribution upgrades.

Another US$1.2 billion on expanding the use of renewable energy.

Korea Electric Power Corporationwill develop a smart grid that will cost US$1.8 billion until 2015.

An upgraded power grid will also help the country reduce its energy imports.

KEPCO head of strategy for the technology Hong Sung Eui told Bloomberg that a smart grid, which helps cut energy consumption and accommodate more wind and solar power, is essential for reducing harmful gases.

Eui pointed out that two-way communications and other enhancements to the grid may reduce South Korea's annual power consumption by 10 per cent by 2030.

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