Power company also donates 12 bln won for successful hosting of PyeongChang Olympics
KHNP Senior Executive Vice President Chun Young-taek, other KHNP and related officials participate in a ceremony to light lamps around the area of the PyeongChang Olympic Stadium last October. (Photo: KHNP)
Korea Hydro & Nuclear Power (KHNP) donated 12 billion won towards the successful hosting of the PyeongChang Winter Olympics. The power company also installed street lamps powered by photovoltaic power panels at the Athletes village of the Olympiad and gave money to the Korean Olympic delegation.
KHNP donated 12 billion won to the PyeongChang 2018 Organizing Committee (POCOG) last year.
The power company gave 50 million won to the Korean Sports & Olympic Committee on Feb. 2 to root for the Korean athletic delegation participating in the Olympiad. Among those present at a ceremony to deliver the money were KHNP Senior Executive Vice President Chun Young-taek and Chairman Lee Ki-hong of the Korean Sports & Olympic Committee.
In a speech, KHNP Senior Executive Vice President Chun said KHNP was donating money to cheer for the successful hosting of the PyeongChang Olympics and the Korean delegation’s better performance. KHNP, KEPCO and other energy public entities jointly opened “Smart Energy City,” a public relations pavilion designed to help visitors get a glimpse into a smart future energy world during the Olympic period.
KHNP installed 90 street lamps using solar energy along a 3 km portion of a road leading to the Olympic Athletes’ village to ensure the safety of passers-by during the Olympic period. The power company held a ceremony to light the lamps around the area of the PyeongChang Olympic Stadium last October. The solar powered lamps are capable of lighting streets for a week after being charged once. Each lamp has an effect of saving 57.6MWh per year.
A neighborhood resident at the lightening ceremony said streets had been dark with no lights, but now he has no worries while walking at night. KHNP has installed more than 1,000 street lamps around the country since 2014. A project to ensure the safety of pedestrians is part of KHNP’s efforts to realize social value to ensure public safety, a KHNP official said.
Shared Growth with the Underprivileged
KHNP is striving to ramp up support to neighborhood residents and provincial SMEs in accordance with government policies to promote balanced national development and prioritize SMEs.
The power company gave a 1 million won scholarship to 36 children of staff from its cooperative companies and SMEs late last year. The scholarship money was raised from royalties KHNP received from SMEs which have participated in joint research projects with the power company. The recipients of the scholarships are selected primarily among multicultural families, households with more than three children, and families with one parent.
KHNP has been implementing a project to improve the learning environment of kids of regional children’ centers across the country for the seventh straight year. The project is KHNP’s representative social contribution program designed to improve the learning environment of children of low-income families.