KOSPO Strengthens Its Presence in Wind Power

Signs a massive joint wind power deal with Hyundai Heavy Industries and Hyosung

A wind power complex will be constructed in Taebaek, Gangwon Province, with homegrown technologies. A consortium of Korea Southern Power Co. (KOSPO), Hyundai Heavy Industries Co. and Hyosung will participate in the project.
KOSPO, Hyundai Heavy Industries and Hyosung signed an agreement on a joint wind power project on Sept. 3 and announced the launch of the project to localize wind power plant technologies. The deal is poised to set a milestone in the development of the Korean wind power industry in which most of the existing 200 wind power plants operating in Korea have been imported or constructed with foreign-made technologies.
The project, starting with the construction of a wind power complex in the Taebaek area with a capacity of 20MW, calls for the inauguration of 100 2MW-class power plants in such areas as Jeongseon and Samcheok by the year 2012.
The cost of the joint project is estimated at 900 billion won. The project aims to generate 475GWh of electricity annually, which will have a substitution effect of 110,000 tons of crude oil per annum. It will also have an effect of reducing greenhouse gas emissions by 180,000 tons annually.
KOSPO recognized the urgent need to develop homegrown wind power technologies, which is an essential part of efforts to develop the new and renewable energy sources to serve as the force behind the green growth paradigm.
KOSPO is expanding its business horizons in the new and renewable energy industries as it plans to install wind power facilities in the Jeju and Busan areas.
The company plans to set up a wind power remote control center in the Busan area designed to maintain the optimum operation of wind power plants by detecting glitches in wind power facilities in advance. The center, a combination of Korean-made technologies, will be in place next fall for the first time in Korea.
KOSPO has devoted itself to the development of the new and renewable energy industries. The company has already inaugurated the first phase of the Seongsan Wind Power Plant Complex in Seongsan-eup, Jeju Island. The first phase of the project cost 30 billion won. KOPEC was responsible for its design, while STX Heavy Industries and Samwhan were charged with supplying equipment and construction, respectively. The wind power generators, each with a capacity of 2MW, were manufactured by Bestas of Denmark. nw

KOSPO President Nam Ho-ki holds a document for a massive joint wind power deal along with the representatives of three business partners and Samhyop Chairman Kang Hyang-hee.