Korea Electric Power Corp. (KEPCO) signed a 38.15 million contract to construct distribution substations in Dominica Republic on Aug. 1.
The EPC project calls for building or reinforcing three distribution substations in Santo Domingo, the capital of Dominica Republic.
A signing ceremony on the project took place with Lee Hyun-chan, head of the New Growth & Overseas Business Division at KEPCO, Antonio Almonte, Dominican Minister of Energy and Mines, and Milton Morrison, President of Edesur in attendance.
KEPCO won three out of the four distribution substation projects by beating out five global companies, including Dominican and Spanish firms.
The latest contract is the fifth one KEPCO will participate for modernizing Dominican electrical facilities. It brings to $200 million the value of orders KEPCO has won in Dominica.
Lee Hyun-chan, head of the New Growth & Overseas Business Division at KEPCO, Antonio Almonte, Dominican Minister of Energy and Mines, and Milton Morrison, President of EDESur, attend a ceremony to sign a substation construction contract in Dominica Republic on Aug. 1. (Photos: KEPCO)
KEPCO has continued to make achievements in Dominica, such as its research team’s participation in Korea’s Knowledge-Sharing Program of the Ministry of Economy and Finance on ways of improving power systems and distribution substations, funded by the Inter-American Development Bank (IDB) in 2011.
KEPCO has so far built or replaced about 3,000C-km, 44,447 electric poles and 7,663 transformers.
Dominica Republic and Korea have different standards on electric components and equipment, so prior gathering of business information and efforts to analyze procurement of Korean-made equipment have enabled Korean outstanding equipment makers to export their products worth 20.7 million in cumulative figures.
KEPCO plans to extend full support to Korean companies wanting to enter the Dominican market together with the utilities company and raise its competitive edge for entering overseas markets, including its neighboring Central and South America.
Lee, chief of the New Growth & Overseas Business Division at KEPCO, “I extend thanks for landing the fifth cooperation opportunity and designating the Dominica Republic, which has become a long-time partner in new energy and power generation business areas, such as energy efficiency and distribution automation, as a hub country to expand its presence to Americas.”
Meanwhile, KEPCO has continuously implemented several collaboration projects to ramp up strategic partnerships with Dominica Republic.
Korea Electric Power Corp. offered an anti-corruption and integrity program designed to eliminate power tripping practices and realize integrity at KEPCO headquarters in Naju on July 24.
KEPCO’s Ranking Officials Undergo Anti-Corruption & Integrity Education
Korea Electric Power Corp. conducted an anti-corruption and integrity program designed to eliminate power tripping practices and realize integrity at KEPCO headquarters in Naju on July 24.
Executives, including Acting President Lee Jeong-bok and executive auditor, and mid-level or higher officials at KEPCO headquarters participated in the program, while heads of divisions at worksites underwent an online educational program.
While teaching participants at a code of conduct such as banning of power tripping, KEPCO Acting President Lee Jeong-bok said, “Power tripping practices could collapse at one the positive image each company has accumulated.”
He called for leaders to settle awareness toward mutual respect and spearhead integrity through execution.