KPS Expands Presence in
Agrees with VPSPL to collaborate in Indian power maintenance market
Korea Plant Service and Engineering (KPS) signed an MOU with Vasavi Power Service Private Limited to make joint bids in the Indian power equipment operation and maintenance market.
The agreement, recently reached by KPS President Ham Yoon-sang and his counterpart VPSPL Chairman N. Ramaiah, calls for collaborating in bids in such business arenas as power equipment operation and maintenance, planned and preventive maintenance work for power facilities and efficiency improvement projects and provision of special power facility technologies.
The deal is expected to set the stage for aggressively exploring the Indian power facility operation and maintenance market by combining KPS excellent technology prowess and VPSPL's business network and abundant manpower on the Indian market, KPS officials said.
VPSPL initially made the proposal to KPS, and the agreement represents one example of recognizing the technology capability of KPS, which now runs three project sites in India.
Last May, VPSPL floated a proposal on mutual collaboration in power facility operation, maintenance and efficiency improvement projects on outdated facilities, and KPS, expecting the synergetic effects from the strategic alliance with VPSPL, signed the agreement last July 25. Under the agreement, KPS is expected to beef up its overseas business capabilities, one weak point of the company, and have a price competitive edge by capitalizing on local manpower.
KPS was founded in 1974 as subsidiary of the Korea Electric Power Corp. (KEPCO) in charge of maintenance services for power and industrial plants throughout Korea with a cumulative output of 58 million kW.
Anchored by CEO and KPS President Ham who took office in April 29, the company is now committed to make every effort to leap into a one of the world's leading maintenance companies.
The company was set up for the purpose of offering efficient maintenance services for power facilities essential for national economy. KPS has been endeavoring to enhance the people's living standard with focus on development of technology and human resources. Additionally, it has also been laying efforts to raise the level of Korea? technology for the maintenance of power facilities.
Thanks to these efforts, KPS has become the No. 1 power plant maintenance company in Korea and has begun to export maintenance technology to foreign nations. Against this backdrop, KPS was also selected as the best company in public service at the "Korea Human Resources Management Award,"singled out as the "Excellent Quality Competitiveness Enterprise" for six consecutive years coupled with the "National Quality Management Award" and awarded the grand prize in labor-management relations at the "Korea Management Reform Award."The level of Korea's maintenance technology for hydro, thermal and nuclear power plants has reached an equal level with other advanced countries. Considering the fact that Korea has so many different types of power plants designed by other countries, current technological independence is an amazing achievement.
KPS is committed to exert more efforts in providing technical services for foreign customers, while playing a leading role in domestic maintenance industry on the basis of accumulated maintenance technology and know-how.
KPS has been polishing its name value in overseas markets continuously by successfully carrying out projects from many countries all over the world.
For instance, in 1982, it began the maintenance project in overseas market with the South P/P project in Baghdad, Iraq. It paved the way for the company's continued success in projects in Guangdong, China, Philippines and Saudi Arabia. Other projects in foreign nations include operation and maintenance of GMR diesel power plant in India, Bayswater and Eraring thermo power plant in Australia, and test operation for Termonorte thermo power plant in Brazil. Recently, KPS also got orders for Q&M construction at Chanderiya thermo power plant in India.
Meanwhile, KPS President Ham has made strenuous efforts to encourage innovation within the company by looking around offices across the nation and presiding over forums on innovation in the presence of field employees.
After visiting Seocheon and Boryeong Offices in the beginning of June, Ham visited Yeonggwang and Gwangju Offices on June 16 and 17, and G/T Technology Service Center and Seoincheon Office on June 20 and 21, delivering his message of change and innovation. nw
KPS President Ham Yoon-sang