KOSPO President Lee Vows to Promote Cooperation in Hydrogen Economy with South Australia
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KOSPO President Lee Vows to Promote Cooperation in Hydrogen Economy with South Australia
Has meeting with visiting Premier Peter Malianauskas of South Australia and Energy Minister Tom Koutsantonis at the Shincheon Bitdream Headquarters’ hydrogen fuel center

26(Sat), Nov, 2022




KOSPO President Lee Seung-woo exchanges views on the hydrogen economy sector with visiting Premier Peter Malianauskas of South Australia and Energy Minister Tom Koutsantonis at the Shinincheon Bitdream Headquarters’ hydrogen fuel center on Oct. 17.


KOSPO President Lee Seung-woo had a meeting with visiting Premier Peter Malianauskas of South Australia and Energy Minister Tom Koutsantonis at the Shinincheon Bitdream Headquarters’ hydrogen fuel center and exchanged views to ramp up cooperation in the hydrogen economy sector, KOSPO said on Oct. 17. 

KOSPO shared the current status of the hydrogen industry and a plan on mixed energy power generation during the meeting with South Australia. 

The Australian side asked questions, such as the current status of the fuel cell power plant facility, the safety of mixed energy power generation technologies, and inquired about export possibilities. 

South Australia depends on renewable energies for 68 percent of its power generation. Green hydrogen, being produced by surplus electricity, is supplied to households in Adelaide, South Australia, via a gas supply network, and the state plans to build a hydrogen-fueled power plant and storage facility, whose operation is slated for 2025 by investing $600 million. 

KOSPO President Lee said, “The South Australian state government’s visit to Shinincheon Bitdream Headquarters’ hydrogen fuel center is expected to promote cooperation in the hydrogen industry sector between South Australia and KOSPO.” 

KOSPO will endeavor to actualize collaboration projects in the hydrogen energy sector through continued partnership, Lee said. 

Meanwhile, KOSPO established a vision of leading the hydrogen economy market to achieve carbon neutrality in accordance with the government’s policies. 

The power company is spearheading efforts to implement the government’s steps to invigorate the hydrogen economy by leading the verification of producing 12.5MW green hydrogen, Asia’s biggest one.
 
KOSPO aims to build a combined 750MW hydrogen power plants and 350MW fuel cell power plants as well as import 30,000 tons of green hydrogen and 1.37 million tons of hydrogen compound by 2030.


KOSPO Explores 26 Regulatory Reform Tasks for Cooperative Firms, SMEs and Residents

Korea Southern Power Co. plans to explore and revamp 26 regulatory reform tasks for cooperative firms, SMEs and regional presidents. 

The plan is the second stage out of KOSPO’s three-stage regulatory reform project. It is designed to eliminate inconveniences outside stakeholders related to KOSPO experience and invigorate the civilian economy. 

The plan includes task proposals, submitted by KOSPO headquarters and site operations and field voice tasks explored through communication with outside stakeholders.

The latest 26 tasks include jointly designing products for development and expanding of bidding information release.




The 5th KOSPO Carbon Neutrality Committee is convened at KOSPO headquarters in Busan with KOSPO executives and outside advisers in attendance. (Photos: KOSPO)


KOSPO Holds 5th Carbon Neutrality Committee 

Korea Southern Power Co. convened the 5th meeting of the KOSPO Carbon Neutrality Committee at KOSPO headquarters in Busan with executives and outside advisers in attendance. 

The meeting was designed to take stock of the progress of projects under the theme “Carbon Capture Utilization and Storage (CCUS), a future core technology” and explored ways of overhauling them through discussions with experts. 

The committee announced the current status of research tasks related to the LNG combined cycle power generation project KOSPO is implementing with several institutions and CCUS. 

Kwon I-gyun, head of K-CCUS Implementation Team, gave a lecture on the government’s development of CCUS technologies and strategies to commercialize them. 


   
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