KEPCO KPS struck an MOU with Indonesia’s state-run electric utility company to win orders on improving the performance of the aging power plants and new projects.
The Korean power maintenance company signed an MOU with the state-run power company PLN NPS in Jakarta on Feb. 24 with the goal of landing Indonesian performance improvement contracts and implementing their overseas joint market exploration projects.
PLN NPS, a subsidiary of the Indonesian electric utility company PLN, specializes in 20GW power equipment O&M, planned and unplanned maintenance, and EPC.
In accordance with the deal, KEPCO KPS will seek to win projects to improve the performance of gaining power plants in Indonesia and new projects.
KEPCO KPS has proved its ample expertise on retrofit and rehabilitation and gained trust by successfully having carried out related projects in Korea and abroad.
The Korean power company also plans to expand its presence in the Indonesian power market, including renewable energy projects.
Under the deal, if KEPCO KPS’s exclusive power equipment maintenance technology power is combined with PLN NPS’s local operation instruct under the deal, it is expected to bring about huge synergetic effects.
KEPCO KPS President Kim Hong-yeon said, “This agreement is a starting point of future projects designed to achieve the stable operation of the Indonesian energy market and performance improvement beyond simple maintenance cooperation, and eco-friendly values, and we will spearhead on carbon reduction through power equipment performance improvement with global partners across the world.”
KEPCO KPS Hosts Technology Group from South African Power Co. ESKOM
KEPCO KPS recently hosted a technology team from the South African public utility company ESKOM and demonstrated its power maintenance expertise as part of efforts to strengthen its presence in the South African power market.
KEPCO KPS said a technology delegation from ESKOM toured KEPCO KPS headquarters in Naju, a maintenance technology center, a power plant maintenance site, and research and educational facilities for a week from last Dec. 7 and took a first-hand look at so-called K-power maintenance and maintenance infrastructure.
The delegation included Michael Ngobeni, a technology director with ESKOM.
ESKOM is South Africa’s largest state-run power utility company, responsible for more than 90 percent of the African country’s power generation.
It is a key entity representing the African power industry.
Earlier, KEPCO KPS struck an MOU to establish a strategic partnership focused on non-commercial research, technical consulting, and innovation with ESKOM in Johannesburg in May.
This agreement sets out a framework for collaboration aimed at enhancing Eskom’s operational performance and supporting its long-term sustainability objectives. Under the agreement the two organizations agreed to cooperate across six key focus areas, namely:
First is exploring strategic cooperation and exchange of information related to critical spares’ replenishment — including remanufacturing, reproducing, repairing or retrofitting of obsolete spares.
Also covered is: the identification, implementation and evaluation of potential research and consulting-related technical projects; projects supporting asset development plans, performance improvements of existing plant, and asset management.
They also covered digitalization (such as artificial intelligence, internet of things, and data analytics) and related focus areas, working together to leverage expertise on training, skills development and knowledge transfer on digitalization expertise towards modernizing and achieving an intelligent power grid.
Another focus area is energy transition, green and smart research and development, plant construction focusing on socioeconomics, water generation with interest in the circular economy, and climate change risk mitigation.
The final focus area is enhancing human resources development, skills transfer and training, employee exchange and training programs, study tours, workshops and sharing of studies and reports.
KEPCO KPS had earned about 92.3 billion won in sales by having carried out maintenance and parts fabrication maintenance at 16 thermal and nuclear power plants, owned by ESKOM since 2021.
The Korean power company has been building up trust over its stable project implementation and technology competitiveness from South Africa by recently carrying out part of aging power plant performance improvement projects.
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