KEPCO and Eco-I to invest in a project to afforest mangrove woods in Myanmar in cooperation with WIF
KEPCO President Kim Jong-kap test-charges an EV car at a ceremony to mark the dedication of an EV charging station in Daegu on May 4. (Photos: KEPCO)
Korea Electric Power Corp. (KEPCO) has signed a Clean Development Mechanism (CDM) contract on mangrove afforestation in Myanmar with the Worldview International Foundation (WIF) and consulting service company Eco-I.
Under the deal, signed on Rangoon on May 31, KEPCO and Eco-I will invest in a project to plant mangrove woods on a coastal area covering 50 hectares in Myanmar in cooperation with the NGO. The CDM project involves the issuance of certified carbon emissions of a combined 170,000 tons for the next 20 years.
The afforestation project is designed not only to cope with climate change, but also to protect the safety of people from national disasters such as typhoons and tsunamis.
The project will contribute to reinvigorating the local economy by directly hiring local residents in areas for jobs such as the collecting and cultivating of mangrove seeds, and transplanting. Part of the revenues accruing from the selling of certified carbon emissions will be returned to the local community.
In the meantime, KEPCO convened a meeting on the implementation of the mangrove afforestation project with Myanmar’s Forest Ministry on May 30.
During the meeting, KEPCO agreed to participate in the 2nd and 3rd phase projects each covering 2,000 ha and 35,000 ha. And certified carbon emissions, to be secured by the project, will be owned by KEPCO.
KEPCO plans to complete the registering of the project to the United Nations by the end of this year, and receive certified carbon emissions from the United Nations by early 2020.
Park Jong-young, head of the Climate Change Countermeasures Division at Korea Electric Power Corp. (KEPCO), plants a mangrove tree in celebration of the implementation of the CDM project on mangrove afforestation in Myanmar.
KEPCO’s EV Charging Service Brand ‘KEPCO PLUG’
KEPCO has launched the EV charging service brand “KEPCO PLUG.”
On top of the launching of the EV charging service brand, KEPCO have overhauled its EV charging service app. The conventional app, being used under Andorid phones, is allowed to be activated in iPhone apps. KEPCOP EV charging service app users can confirm the location of EV charging stations across the nation and conditions of chargers.
Users can utilize chargers without membership cards or credit cards via QR code of smartphones.