Project takes on significance since it involves the use of an idle site near an expressway tollgate
A view of KOMIPO headquarters in Boryeong, Chungcheongnam-do. (Photos: KOMIPO)
President Park Hyung-gu of Korea Midland Power Co. (KOMIPO).
Korea Midland Power Co. (KOMIPO) teamed up with Korea Expressway Corp. (KEC), KyungDong City Gas and SK E&C to implement a fuel cell project.
The Namyangsan Fuel Cell Power Generation Project takes on significance since it involves the use of an idle site near an expressway tollgate. Participants of the project expressed their determination to spare no efforts to promote mutual collaboration for the successful development and investment. They signed an MOU on the project at SK E&C headquarters in Jongno, Seoul, on June 28.
The project calls for the construction of a 20MW fuel cell facility. Under the agreement, KEC will offer the site and support permissions and licenses, KyungDong City Gas will supply city gas, SK E&C will be engaged in procuring equipment and materials as well as construction, and KOMIPO will purchase renewable energy certificates on electricity generated from the renewable energy source.
KOMIPO now operate a 0.3MW fuel cell facility at the Boryung Power Complex and a 7.5MW fuel cell facility at the Shinboryung Power Complex. The power company plans to install 15MW, 5MW and 6MW facilities at Incheon Power Complex, Sejong Power Complex and Seoul Power Complex, respectively. KOMIPO is committed to meeting renewable portfolio standard (RPS) requirements by developing diverse business models using hydrogen and LPG on top of natural gas.
Kim Ho-bin, head of the Technology Division at KOMIPO, said, “It takes on significance since KOMIPO, KEC, KyungDong City Gas and SK E&C have joined forces, thus contributing to enhancing competitiveness in the fuel cell generation sector.”
KOMIPO plans to aggressively explore shared growth models with the public and private sectors by developing diverse new and renewable energy sources in accordance with the government’s “New & Renewable 2020” plan, calling for raising the portion of new and renewable power generation to 20 percent by 2030.
New KOMIPO President Stresses Open-Mindedness
Newly inaugurated Korea Midland Power Co. (KOMIPO) President Park Hyung-gu takes office as the eighth president & CEO of the power company
In his inaugural speech at the KOMIPO headquarters in Boryeong, Chungcheongnam-do, on Feb. 13, KOMIPO President Park Hyung-gu said, “(I) won’t stop looking at environment changes and become an open-minded CEO who can lend an ear to diverse inside and outside views to make well-defined decisions.”
President Park stressed one mind among executives and staff members. Park said he will devote himself to tearing down organizational barriers between seniors and juniors, between labor and management and between men and women and between work sites to launch what is dubbed “ a New KOMIPO” that grows a new by becoming one. To this end, Park said, KOMIPO will pursue trust management, focusing on basics and principles to become a company trusted by the people, value management designed to secure sustainable growth through diverse value-creating activities, and happiness management satisfying all.
President Park, a graduate of Sungkyunkwan University Department of Business Administration, entered Korea Electric Power Corp. in 1977. He held such positions as deputy general manager in charge of test operation at the Taean Thermal Power Complex, a team head, and chief of KEPCO’s operation in Lebanon. Park also served as chief of KOMIPO, head of the Boryung Thermal Power Headquarters and head of the Technology Headquarters after KOMIPO was spun off from KEPCO.