Korea Midland Power Co. (KOMIPO) executives and senior officers pledged their determination to realize a vision of no shutdowns at any of its units this year at a rally at the KOMIPO headquarters in Boryung, Chungcheongnam-do, on Jan. 9.
All branch chiefs of KOMIPO took a management oath toward the responsible management of power facilities to achieve the vision of no shutdowns in 2017.
Heads of the power company’s divisions and departments also swore to provide support to the cause.
Following the rally, KOMIPO plans to foster a sense of awareness at its branches toward the ambitious goal.
“The rally will serve as an opportunity to pledge their determination to muster their concern and capabilities to achieve the vision of no shutdowns, and these efforts are expected to lead to excellent business performances,” KOMIPO President Chung Chang-kil said.
Under the stewardship of President Chung, KOMIPO walked the walk last year by overcoming relatively lower levels of morale and frustration following bitter management evaluation outcomes in recent years. While touring branches and power facilities, President Chung devoted himself to lending an ear to the opinions of his staff.
His open-minded attitude and communication have given their confidence a boost, in line with the company’s catchphrase “Yes! We can.”
KOMIPO has made a surprising leap forward in the past year. A government evaluation survey found that KOMIPO improved an unprecedented three levels. By making it onto the list of top public enterprises in an integrity survey conducted by the Anti-Corruption and Civil Rights Commission, KOMIPO has proved to been reborn as a public entity of integrity.
The Boryung Thermal Power Unit 3 set a world record for no shutdowns at 2:56 p.m. on Sept. 27, reaching 17 years and 10 months since the last shutdown on Dec. 17, 1998. The plant received a certificate from the U.S. World Record Academy, one of the world’s top three world record certification institutions.
KOMIPO is not resting on its laurels. The power company is striving to rise to the top spot in the 2017 government management evaluation survey. So far KOMIPO has taken a lead among five power utilities, according to data, so chances are good that the power company will be successful.
In his New Year’s message, President Chung cited “jultakdongshi,” a Chinese saying meaning that “if staff devote their utmost internally” and KOMIPO “accommodates all external environment conditions,” the power company is expected to be successful.
Given the unfavorable business situations surrounding coal-fired power generation and the power industry’s possible changes, including possible initial public offerings, KOMIPO President Chung stressed the importance of coping with all changes in a nimble manner.
President Chung proposed four management tasks.
First, he called for KOMIPO to supply power in a stable and eco-friendly manner. He urged his executives and staff members to strive toward having no power shutdowns this year and take steps to ease public misgivings over fine dust and greenhouse gas emissions. Second, he stressed three principles: safety, quality and integrity. Third, he called for the creation of future growth engines. Lastly, Chung urged his officers and staff members to promote shared growth with local communities and its cooperating companies.
Korea Midland Power Co. (KOMIPO) was established under a 2001 restructuring scheme in the domestic power industry. It is charged with developing power resources and ensuring a stable supply of electricity.
KOMIPO now operates six power plants, including the Seoul Thermal Power Plant, the nation’s first thermal power unit, and the Boryung Thermal Power Complex, the nation’s biggest thermal power complex.
The power company is continuing to invest and explore such eco-friendly industries as photovoltaic power and other renewables. It has a power facility capacity of 8,337MW and accounts for 10 percent of the nation’s total power generation.