KPX President Yoo Sang-hee said his corporation will be reborn into a leading institution that will spearhead the future energy industry. He made the remark at a ceremony to officially open KPX’s new headquarters in the city of Naju on Dec. 2.
On Oct. 6, 296 KPX officials moved into the new KPX building, in line with the government’s step to relocate KPX from Samseong-dong, Seoul, to Naju. KPX became the ninth public entity to be relocated into “Bitgarm in Naju,” the innovative city of Gwangju and Jeollanam-do. KPX with 296 employees wrapped up its relocation there on Oct. 5.
With the relocation of KPX headquarters building to Naju, its central electricity control tower was put into service there at 3 p.m. the next day to usher in a full-fledged Era of Naju. KPS has recently replaced an imported power control system with the homegrown technology, dubbed “Korea Energy Management System (K-EMS).
Some 300 people, including those from related organizations and neighborhood residents, participated in the ceremony. Also on hand were Deputy Minister Chung Yang-ho, of the Office of Energy and Resources Policy at the Ministry of Trade, Industry and Energy. KEPCO President Cho Hwan-eik, Jeollanam-do Gov. Lee Nak-yeon, and Gwangju Metropolitan City Vice Mayor Oh Hyung-guk, and Naju Mayor Kang In-gyu. The project to build KPX’s new headquarters building, launched in December 2011, was dedicated this past June after two and six months of construction. The construction of a nine-story structure with a one-floor basement cost 60.2 billion won.
The KPX headquarters structure boasts of a splendid facade since it is built on the Building Information Modeling (BIM), an intelligent 3D model-based process that provides insight to help you plan, design, construct, and manage buildings and infrastructure. It is classified as a structure with 1st class energy efficiency classification, quake-proof design and eco-friendliness.
Demand Response, Decentralized Power Supply Emerge as Future Trends of Electricity Market
Demand response (DR), a program that gives payments to those who reduce energy use during periods of peak or other grid constraints, and decentralized power supply system emerge as mega-trends of the electricity market. Foreign and Korean experts shared the preconditions such as streamlining of electricity pricing systems and the removing of entry barriers for the private sector’s participation in the DR market at a recent international conference held in Seoul. Approximately 300 people descended on the Seoul International Conference on the Electricity Market 2014 (Seoul SICEM 2014), hosted by Korea Power Exchange (KPX) at the E-Tower in southeastern Seoul on Nov. 28. Also participating were Vice Minister Moon Jae-do of the Ministry of Trade, Industry and Energy (MOTIE), Rep. Chun Ha-jin, sitting on the National Assembly Trade, Industry and Energy Committee, and KPX President Yoo. KPX President Yoo, in his opening speech, said, “I expect this conference, being held under the theme ‘Pending Issues and Direction of DR Market’ to have productive discussions coming closer to people in accordance with the trends of the DR market.”
