Aims to establish all functions essential for its digital transformation by the end of this year
President Kim Jong-kap of Korea Electric Power Corp. (KEPCO).
Hyper-connected Ubiquitous Bridge Platform of Platform, also known as HUB Pop, a private cloud service platform being built by Korea Electric Power Corp. (KEPCO), passed a quality and function certification test from the National IT Promotion Agency (NIPA).
HUB Pop is a cloud-based digital platform being set up by KEPCO to be utilized for the development of an electricity app, operation of services and big data analysis.
The project was launched in 2017, and KEPCO aims to establish all functions essential for its digital transformation by the end of this year.
As KEPCO made cloud functions of HUB Pop in 2019, related services have been offered to KEPCO staff members who use them for R&D and to develop work systems.
They have been expanded to cover all in-house jobs such as diverse analysis projects using electricity big data and the development of diverse solutions employing AI technologies to make all company jobs intelligent.
KEPCO has become the first Korean public entity to receive a certification for the quality and function testing of cloud computing services, which was examined, evaluated and issued by the Korea Association for ICT Promotion and the Korea Association for Cloud Industry under the supervision of NIPA.
Meanwhile, KEPCO is developing an intelligent digital power plant based on the HUB Pop platform in cooperation with its subsidiary power companies. KEPCO plans to expand AI technologies to the whole of the electricity industry.
KEPCO also plans to contribute to the creation of an ecosystem for the digital electricity industry by exploring up and coming companies, as well as supporting the growth of SMEs.
HUB Pop, a private cloud service platform being built by Korea Electric Power Corp.
KEPCO Logs 430.6 Billion Won Operating Profit, Departure from Previous Quarter’s Losses
Korea Electric Power Corp. posted 430.6 billion won in operating profit in Q1 2020 on a consolidated basis, a departure from losses in two quarters since the 3rd quarter of 2019.
KEPCO saw revenues from the selling of electricity drop in the wake of the spread of COVID-19, but a decline in fuel purchase prices thanks to a drop in international crude prices has contributed to improving of the operating profit.
KEPCO Strikes $200M Contract with Mizuho Bank, KDB for Photovoltaic Power Farm in Guam
KEPCO signed a contract with Mizuho Bank of Japan and Korea Development Bank (KDB) to borrow $200 million to finance a project to build and operate a photovoltaic power farm in Mangilao, Guam, on June 29.
The project calls for the construction and operation of a photovoltaic power plant with a capacity of 60MW and an energy storage system with a capacity of 32MW. The plant is to be dedicated and put into commercial operation next December.
KEPCO won the project in an international bid, the first such tender in the U.S. area. KEPCO’s agreeing to a 25-year power purchase agreement with Guam Power Authority (GPA) is expected to help the state-run power utility earn about $340 million in revenues.
A view of KEPCO headquarters in Naju, Jeollanam-do. (Photos: KEPCO)