KEPCO KPS, specializing in power generation and transmission equipment maintenance, is now concentrating its attention on implementing projects to refurbish old power plants around the world.
The company plans to expand its overseas business presence by implementing projects to refurbish old power plant units, emerging as one of the steps to overcome an energy crisis and achieve greenhouse emission reduction goals.
KEPCO KPS struck an MOU with the energy ministry of Kazakhstan in April 2024, agreeing to improve the performance and efficiency of aging power plants.
Under an MOU singed between KEPCO KPS and Samruk Energy, Kazakhstan’s largest state-run energy company, a knowledge-sharing program (KSP) and official development assistance (ODA) project is under way.
KEPCO KPS is embarking on a project to improve the performance of old power plants with Kazakhmys, as both sides signed a contract on a preliminary feasibility study.
A KEPCO KPS official said, “The Kazakhstan government intends to improve energy efficiency and ramp up environment restrictions through the improvement of the performance of old power plants, and amid the backdrop, if we successfully carry out these tasks, KEPCO KPS is expected to land future follow-up orders.”
KEPCO KPS is ready to submit a project proposal on the EPC for new projects following the successful implementation of performance improvement projects.
The performance improvement projects in Kazakhstan are expected to serve as a success model for a sustainable implementation of projects in foreign countries, KEPCO KPS said.
KEPCO KPS is evaluated to have effectively realized projects by establishing cooperative regimes with the local government and civilian companies, not simply implementing projects and offering technologies.
The domestic old power plant refurbishment business, on which a foundation for overseas market entry, is built is also on a roll.
It was in 2019 that KEPCO KPS successfully carried out a project to improve the comprehensive performance of old facilities at POSCO Gwangyang Power Unit. 1.
The company completed a project to modernize the performance of old facilities at POSCO Gwangyang Power Unit. 2 in 2021.
KEPCO KPS President Kim Hong-yeon said, “We plan to expand overseas old power generation plant refurbishment projects to Central Asia, based on performance improvement technologies and operational experiences KEPCO KPS has accumulated in Korea, and we will keep moving toward a 100-year company.”
KEPCO KPS Teams Up with Daewoo E&C to Establish a Full-Cycle Cooperation Regime to Explore SMR Market
KEPCO KPS signed an MOU on cooperation in the SMR business with Daewoo E&C, agreeing to build a cooperative system in the full cycle processes ranging from design to operation and maintenance, the company said on March 13.
Under the agreement, both sides decided to participate in joint SMR projects in Korea, developing SMR MRO regimes, jointly entering overseas SMR project markets, decommissioning nuclear units and developing new models for transition to SMRs.
KEPCO KPS Accelerates Digital Work Innovation
KEPCO KPS has made KPS AI Robot Engineer (KARE), a generative AI service developed on its own, a clever company colleague.
KEPCO KPS said on Feb. 24 that KEPCO KPS became the nation’s first public entity to have established KARE, a generative AI-based service, using in-house manpower and infrastructure in July 2024.
KARE, an open LLM-based, generative AI service, helps KEPCO KPS staff members summarize, analyze and translate a variety of reports and theses without worrying about external leakage of information and technologies on top of writing documents and planning ideas.
