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KOWEPO’s Vision 2020, “US$ 1 Billion in Offshore Sales with Capacity of 3,600 MW”
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KOWEPO’s Vision 2020, “US$ 1 Billion in Offshore Sales with Capacity of 3,600 MW”
  • By matthew
  • February 8, 2013, 10:11
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Korea Western Power Co (KOWEPO) held the company-wide “KOWEPO Global CEO Meeting” in the communication lounge of its headquarters on February 7.

To this meeting were KOWEPO’s overseas employees invited from six foreign countries, including the heads of the offices in Laos and Indonesia and the subsidiaries in the US, Myanmar and Russia. They had a lively debate to analyze internal and external environments of each project, and make a decision on investment, required minimum ROI and the like.

KOWEPO’s CEO Kim Moon-duk said, “I appreciate each of you working hard to lay the foundation for our business in the lands far away despite harsh conditions. This year, I hope you will maintain financial soundness through solid management and trigger the engine to position ourselves as the world’s leading energy company.”

In the meantime, KOWEPO aims to achieve offshore sales of US$ 1 billion with a combined capacity of 3,600 megawatt by 2020 through getting orders of overseas energy projects, including the combined cycle power project in Maharashtra, India (388 MW, progress rate 48.7%), the hydro power project in Senamnoi, Laos (410 MW, construction started in 2012), the combined cycle power project in Yangon, Myanmar (500 MW, to be started in 2013) and the solar power project in Nevada, USA.