EV Project in Dominican Republic
ㅆhe Korea Electric Power Corporation (KEPCO) signed an R&D consortium agreement on April 3 for industrial-academic cooperation at the PUCMM University located in Santo Domingo, Dominica.
The purpose of the agreement is to develop an electric vehicle charging infrastructure operation system based on international standards in the Dominican Republic.
The signing ceremony was attended by director Han Sang-kyu in charge of new business development at the KEPCO, PUCMM University President Alfredo de la Cruz Baldera, ESD CEO Choi Sang-min, and so on. ESD is a South Korean company in the Dominican Republic.
In the project, the Korea International Cooperation Agency (KOICA) is going to provide US$300,000 while the KEPCO imparts its EV charging infrastructure operation techniques to local companies and the university.
The systems to be developed in the project are planned to be designated as national standards of the Dominican Republic. South Korean companies in the industry are expected to be able to get the upper hand in the republic’s future projects for EV charging infrastructure construction.