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KEPCO Concentrating on High Growth Potential of African Continent
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KEPCO Concentrating on High Growth Potential of African Continent
  • By Jung Min-hee
  • June 10, 2016, 04:00
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KEPCO president Jo Hwan-ik (left in the picture) and EEP CEO Azeb Asnake signed an MOU for mutual cooperation on May 26.
KEPCO president Jo Hwan-ik (left in the picture) and EEP CEO Azeb Asnake signed an MOU for mutual cooperation on May 26.

 

The Korea Electric Power Corporation (KEPCO) is focusing on Africa in its efforts to top 20 trillion won in overseas sales by 2025.

In this context, the KEPCO launched a pilot project in Mozambique in November last year, the purpose of which is to supply electricity and water to 50 or so households, schools and community centers in a local village and help it become self-sufficient in terms of energy use. The power company has been engaged in a similar project in Nigeria since 2013 and its know-how from the project is being utilized in the Mozambican village. The project in Nigeria relates to the operation and maintenance of the Egbin Power Plant for a period of five years.

Last month, in the meantime, the KEPCO signed a memorandum of understanding (MOU) with the Ethiopian Electric Power (EEP) for power generation, transmission and transformation facility construction and an MOU with the Ethiopian Electric Utility (EEU) for power grid efficiency improvement and cooperation in the field of new energy. In addition, the KEPCO concluded another MOU with South Korean transformer manufacturer KORICA and Ugandan EPC company Segken Services in Uganda so as to set the stage for its participation in power grid-related projects to be launched there in the future. According to this MOU, the KEPCO is to impart its knowledge on manufacturing, quality control and so on to the transformer manufacturer while providing technical assistance for the Ugandan EPC company.

The KEPCO is paying much attention to Kenya, too. Kenya is planning to put into operation nuclear power plants with a total capacity of 4,000 MW until 2033 and the South Korean power company is going to take a leading role in the operation based on its close cooperation with the African country from its very first stage. To this end, it is planning to make use of the energy sector MOU recently signed between the South Korean Ministry of Trade, Industry & Energy and the Ministry of Energy of Kenya, which is expected to lead to South Korean energy companies’ participation in geothermal power generation and nuclear power station construction projects in Kenya.