Flourishing Overseas
KEPCO E&C (President Park Koo-won) achieved one million accident-free man hours as of Dec. 10, 2014 in the CIPREL IV Volet B EPC Project underway in Côte d´Ivoire since 2013. The purpose of the project is to install two heat recovery steam generators, one steam turbine, and one ACC the 110-MW gas turbine in a local power plant.
KEPCO E&C is planning to complete the project at the end of this year and continue with thorough health, safety, and environment management, so that the 700 or engineers there can work in a safe environment and its business in Africa can be more prosperous in the future.
In the meantime, KEPCO E&C signed a US$900,000 contract with SPC Power Corporation in the Philippines on Dec. 30 to be in charge of the feasibility studies for Naga Power Plant construction. During the eight months to come, KEPCO E&C provides services such as conceptual design for the coal-fired power plant, power supply and demand research, and an environmental impact assessment.
SPC Power Corporation is a joint venture with KEPCO and a Philippine power company. It acquired the Naga Power Plant, located in Cebu, in September last year from the national Power Sector Assets and Liabilities Management Corporation.
Last year, KEPCO E&C succeeded in winning overseas projects worth more than 1 trillion won (US$900 million) combined. The company is expecting that its annual sales record will reach the highest level since its inception in 1975.