KEPCO President Kim Jong-kap, KIAT President Seok Yeong-cheol, and Dir.-Gen. Jun Yoon-jong in charge of trade cooperation at the Ministry of Trade, Industry and Energy attend a ceremony in which KEPCO signed an MOU on ODA projects with KIAT and tenant companies’ committee of the Naju Innovative Industrial Complexat KEPCO Art Center in Seoul on Jan. 22. (Photos: KEPCO)

Korea Electric Power Corp. (KEPCO) struck an MOU on Official Development Assistance (ODA) projects for the energy industry with Korea Institute of Advancement of Technology (KIAT) and a tenant company committee of the Naju Innovative Industrial Complex at KEPCO Art Center in Seoul on Jan. 22.

Among those on hand at a signing ceremony were KEPCO President Kim Jong-kap, KIAT President Seok Yeong-cheol, and Dir.-Gen. Jun Yoon-jong in charge of trade cooperation at the Ministry of Trade, Industry and Energy (MOTIE).
They agreed to cooperate on the provision of support for tenant companies of Energy Valley exploring overseas markets and winning orders through ODA programs.

The Energy Valley is a project in which KEPCO cooperates with local autonomous bodies to build a future growth ecosystem by attracting new energy business companies and research institutes.

Under the project, 501 companies were attracted as of January.

At a signing ceremony, KEPCO President said the agreement will greatly contribute to helping tenant companies of the Energy Valley secure sustainability and competiveness. KEPCO will provide full support to tenant companies’ exploring overseas markets and expanding overseas sales, building networks and securing technology capabilities.

Choi Young-sung, head of KEPCO’s business division, and Cho Kang-hee, chief of K-eco’s climate & air quality management headquarters, pose after they struck an MOU on energy conservation and conducting joint activities to reduce greenhouse gas emissions at KEPCO’s Gyeongin construction headquarters on Jan. 8.

KEPCO Cuts Deal on Energy Conservation & GHG Emission Reduction with K-eco

KEPCO struck an MOU on energy conservation and conducting joint activities to reduce greenhouse gas emissions with Korea Environment Corp. (K-eco) at KEPCO’s Gyeongin construction headquarters on Jan. 8.

Under the deal, KEPCO and K-eco agreed to proactively cope with a climate change crisis by conserving energies in non-industry sectors such as household and commercial facilities, inducing greenhouse gas emission reductions and improving consumers’ awareness toward values of electricity.

The takeaways of the agreement include joint publicities designed to induce public behavior changes toward energy conservation in non-industry sectors; selecting and awarding excellent entries in public contests for energy conservation; mutual cooperation to boost a carbon point system for raising energy efficiency; and strengthening connectivity of a system of monitoring electricity consumption amounts of carbon point system beneficiaries and cooperation in upgrade.

A carbon point system is a public greenhouse gas emission reduction program in which volunteers at households and commercial facilities are offered incentives such as cash in return of greenhouse gas emission reduction outcomes through conserving electricity, gas and tap water.

About 1.9 million households in 16 cities and provinces, except Seoul, are participating in the carbon point system project, being implemented by K-eco.