The company is developing new and renewable energy sources overseas aiming to become a world-class thermal power producer
The efforts of Korea Midland Power (CEO Nam In-suk) for low-carbon green growth, climate change counteraction and new and renewable energy development overseas are coming to fruition.
The state-run power company has pursued the three strategies of carbon management system establishment, greenhouse gas emissions reduction and development of innovative technology. Also, it has put 12 relevant plans into action, including voluntary CO2 reduction. All of them constitute its anti-climate change master plan, the goal of which is to cut greenhouse gas emissions by 10% vis-a-vis BAU (business as usual) until 2020.
It has worked on renewable energy-based power generation since 2005, such as small hydro, wind and photovoltaic. As of the end of 2010, the installed capacity amounts to 144MW. Four of its projects have been registered as CDM (Clean Development Mechanism) at the United Nations. At present, it is the only Korean power company that has 70,000 ton-worth, internationally-usable Certified Emission Reduction, and the reduction of around 30,000 tons more is going to be added this year.
In addition, it has been engaged in tidal power generation offshore Ganghwa Island, wind turbine farm operation on Jeju and RDF (refuse derived fuel) cogeneration in Iksan, North Jeolla Province while developing fuel cells, solar energy and integrated gasification combined cycle techniques. When it comes to the development of the CCS (carbon capture and storage) technology, it is testing a 0.1MW facility at the Boryeong Thermal Power Plant. The company°Øtarget is to operate 10MW CCS equipment with the minimum removal efficiency of 90% from 2013.
It has introduced high-efficiency purifiers and dust collectors to reduce the discharge of sulfur and nitrogen oxides, dust and other pollutants to the minimum during fossil-fuel combustion while running advanced waste water disposal units for each process.
Korea Midland Power has invested over 730 billion won and is equipped all of its power generation gears with the newest pollution prevention apparatuses. In doing so, it has cut the emission of sulfur oxide per basic unit by 50% and that of dust and nitrogen oxide by 20% compared to 2005. At the same time, it is recycling 81% of its waste water to block pollutants from going out effectively.
New and Renewable Energy Projects
Abroad
Korea Midland Power concluded a PPA (power purchase agreement) on April 12 in Jakarta, Indonesia with PT PLN, in tandem with the consortium of Daewoo Engineering Company and PT MPM. The agreement covers the waterpower generation in the Wampu region.
According to the contract, the electricity generated by the 45MW hydraulic power plant in the region is supplied to PT PLN, the state-run power company of Indonesia, for the upcoming three decades. It is the second PPA won there by Korea Midland Power, following the one related to the Cirebon coal-fired electrical power generation project in 2007.
The recent deal is another product of its consistent efforts overseas. On that cornerstone, the company is aiming to become a world-class thermal power producer by being engaged in overseas power station management, technical advisory and personnel training.
The PPA signed at this time is Korea first hydraulic power generation contract in the Southeast Asian country, which means Korea Midland Power°Øs endeavor abroad for new and renewable energy development has begun to show its outcome. The project is linked to the CDM (Clean Development Mechanism) of the United Nations, bringing 240,000 tons of CO2 reduction and carbon credit a year to Korea down the road.
The Korean electricity company is planning to work harder on eco-friendly development undertakings overseas. By 2020, it is aiming to adjust the domestic-to-overseas project ratio to 50:50.
At present, it is moving ahead successfully with the 660MW-scale project in Cirebon, scheduled for completion this year, and the coal-fired power station O&M (operation and maintenance) in Tanjungjati. Also, it is participating in the coal-fired power production in 7-Mine Mouth in Sumatra and has passed the prequalification for the Cebren pumping-up power generation in Macedonia.
Building on the accomplishment in Wampu, Korea Midland Power will step up its efforts in Southeast Asia, Europe and Africa, where new and renewable energy sources are abundant. In doing so, it will turn itself into the world°Øs no. 1 power production company beyond Asia.