Korea Southern Power Co. (KOSPO) held a workshop designed to overhaul a system to implement new and renewal energy projects and explore ways of invigorating new and renewal energy industries at the Ibis Ambassador Hotel in Busan on July 27.
KOSPO President Yoon Jong-geun convened the workshop, which is designed to not only tide over a management crisis and present diverse ways of creating future growth engines, but also achieve the government’s target of raising the portion of new and renewable energies in power generation to 30 percent, which is well known as the “New/Renewal 3030 Target.’”
The workshop covered the divulging of stumbling blocks and problems related to KOSPO headquarters and business sites’ implementation of new and renewable energy projects, the government’s policies on new and renewable energies and ways of coping with them.
Dr. Lee Dae-geun of the Korea Energy Economics Institute gave a lecture on the pending major new and renewable energy issues related to the 8th national power supply plan. During the workshop, KOSPO participants discussed ways of reestablishing strategies to implement new and renewable energy projects and held a rally to put “integrity” into practice.
Park Seok-ho, head of KOSPO’s New Growth Business Division and about 500 working-level officials tasked with new and renewable energy projects reestablished a system to implement new and renewable energy projects by finalizing leading new and renewable energy projects, strengthening business infrastructure and improving project management efficiencies.
Five teams formed with KOSPO headquarters and business site officials exchanged views on ways of solving stumbling blocks related to the implementation of new and renewable energy projects, strategies to secure sites, strengthening project infrastructure and securing acceptability from neighborhood residents.
The teams had enthusiastic discussions on strategies to develop large-sized photovoltaic power plants. The head of the Busan New and Renewable Energy Cooperative participated in the establishment of strategies to implement photovoltaic power projects in rural areas. KOSPO plans to reflect tasks explored during the workshop in drafting the 8th national power supply plan.
KOSPO’s Two-Pronged Energy Strategies
KOSPO President Yoon ordered KOSPO headquarters and site divisions to explore and implement 100 tasks, respectively, to achieve the government’s target of raising the portion of new and renewable energies in power generation to 30 percent. He also called for them to join forces and devote themselves in gaining ground to implement new and renewable energy projects.
KOSPO is concentrating on two-prolonged energy strategies, which will drive future society. The power company is expanding investments into new and renewable energies, including the installation of homegrown wind power plants wile spearheading efforts to create jobs for youth, the energy of the future.
In 2003, KOSPO launched a wind power project. Starting with the Hangyeong Wind Power Phase 1 project with four 1.5MW-class wind power units, KOSPO has been expanding its presence in the Korean wind power market. The power company succeeded in the construction of the Daebaek Wind Power Plant with a 19 MW capacity and the Changjuk Wind Power Plant with a 16 MW capacity. KOSPO succeeded in the commercial operation of the PyeongChang Wind Power Plant with a 30MW capacity to supply power during the 2018 PyeongChang Winter Olympic Games.
KOSPO has so far installed six wind power plants with a combined 105 MW capacity. The power company plans to expand wind power plant projects this year. KOSPO plans to implement the 32 MW, Jeongam Winder Power and the 20 MW, Guinaemi Power Project this year as well as the 30MW, Mt. Yookbaek Wind Power Project and the 60 MW, wind power project next year. A large-scale offshore wind power complex with a 100MW capacity in Daejeong-eup, Jeju, to overcome sporadic blowing of wind for overland wind power units.
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