The Korea Electric Power Corporation (KEPCO) announced on March 13 that it signed a MOU with the Ministry of Coordination of Production, Employment and Competitiveness (MCPEC) of Ecuador on March 10 in Quito, Ecuador for bilateral technical cooperation in the energy industry.
The MOU was signed by KEPCO vice president Kim Shi-ho and MCPEC deputy minister Santiago Leon Abad. According to the memorandum of understanding, the two organizations are to work together for the purposes of preferential negotiations for the supply of electric vehicle (EV) chargers and the like, technology exchange with regard to electric vehicles, smart grids, energy storage systems, advanced metering infrastructure and so on, and the sharing of technology and information in the field of power generation.
After the signing ceremony, in addition, the KEPCO made a presentation on its feasibility studies regarding the establishment of EV charging infrastructure in three Ecuadorian cities that it has conducted since August last year with PNE Systems, Everon and Begins. Through the feasibility studies, the KEPCO completed its on-site surveys and detailed design for public charging station installation at 91 spots in the three Ecuadorian cities including Quito. The 400 rapid-charging and 5,000 slow-charging units are to form the basis of EV charging infrastructure in Ecuador and the country’s national standards in the field.
The KEPCO is planning to provide its EV charging infrastructure operation systems as well via a project worth US$30 million. The financial resources are to be prepared in the framework of the Economic Development Cooperation Fund (EDCF) through intergovernmental negotiations.