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Global Energy to Brighten the Future
We are expanding a global power network to support sustainable
development, expanding new businesses, enhance competitiveness,
drive the transition to a low-carbon future.
Promoting renewable energy expansion and greenhouse gas reduction, striving to become a global energy platform leader.
Energy Transition and Carbon reduction
1. Exit coal projects and enter into the zero-carbon power market
2. Expand renewable power generation projects
3. Enter the grid investment business
4. Engage in more new projects and reduce carbon emmisions
Increasing Profitability and Competitiveness in Bidding
1. Diversity business methods and markets
2. Narrow the focus on target markets
3. Enhance the capability to win orders
4. Increase the profitability of businesses operated
Eastablishing a Global Organizations, Manpower and System
1. Restructure the organiation and secure projects
2. Foster global solidarity and cooperation
3. Boost ESG management for overseas projects
KEPCO decided to phase out from projects to build coal-fired power plants in October 2020 in line with the government's net-zero policy and the global coal-exit movement.
We aim to selectively carry out and strategically exit profit-oriented businesses, such as coal-fired power generation, and expand businesses that are suitable for the transition to carbon neutrality, such as LNG CCPP projects, in response to the difficulty regarding the suspension of developing coal-fired power plants.
In the long run, we will transition to an eco-friendly overseas project portfolio by focusing on developing renewable power generation projects the have potential for growth(e.g., solar power and wind power). As a result, all overseas coal-fired power generation projects of KEPCO will be ceased after 2050
Increased Profitability in Overseas Projects through Asset Rationalization
We are building an asset management system through cooperation with relevant teams and third-party experts to maximize profit and minimize risks in overseas projects. In case of the solar power project in Japan, we formed a task force in response to changes in Japan's renewable energy policy and prediction for increased risks incurred by earthquakes and output volatility, established a cooperative system with third-party experts and set a specific process to sell the asset. We built an optimal sales strategy based on the decision made by the task force and successfully disposed of our equity for early investment return for the first time in overseas businesses. The profit was invested in follow-up projects such as the solar panel project in Guam. We established a flexible and active asset management system for overseas projects.
Coal exit and cessationof new gas-fired CCPP projects by 2030
Make the coal-fired power plants in operation or construction available for sale and complete the sales before the target date.
Apply new technologt (e.g., ammonia-hydrogen blends, CCUS, etc.) in case of a delay in sales.
Cease the development of conventional power plants, such as gas CCPP, after 2030, considering the business period.
Replacement of fossil fuel to 100% green energy by 2050
Cease the operation of fossil fuel power plants (coal, LNG, etc.) and pursue zero-carbon green power generation.
Capacity of Coal-Fired Power
GHG Emissions
Thermal
Renewable
Grid
New Energy Business
Demonstration in the overseas 
Scale-up & market expansion
Demonstration in the overseas
Scale-up & commercialization
Create sysnergy by linking to thermal generation, H2, etc.
Secure core technology
Demonstration
Supply to the generation in Korea
Expension of demonstration projects (cook stove, drinking water facilities, forestation, etc.) 
Diversification of business models
We are building a global power network through world-class power plant project capabilities.
Starting with Mexico's Norte II (433 MW), we have been carrying out large-scale power plant projects in Vietnam, Indonesia, and Malaysia, generating stable profits. We are also playing a leading role in global business by supporting the overseas expansion of domestic companies in construction, equipment supply, and financing.
The APR1400 is Korea's flagship nuclear reactor model for export, certified by EUR (2017) and the U.S. NRC (2019). Units 1 to 3 exported to the UAE began commercial operations in April 2021, March 2022, and February 2023 respectively, and have been stably supplying clean power 24/7. The 4th unit began commercial operation in September 2024.
Since the wind power project in China in 2005, we now operate 1,017 MW. Expanding to the Middle East in 2013, we developed the 100%-owned Fujeij Wind Power Project, which began commercial operation in 2019. We also entered the U.S. and Japanese markets with solar plants in Chitose, Japan (28 MW); Mangilao, Guam (60 MW); and California, USA (235 MW). In 2019, we secured a 294 MW solar project in Mexico, expanding into Latin America and reinforcing our position as a clean energy provider.
Connecting the world with transmission and distribution technology, we are leading the future of global power infrastructure.
By leveraging advanced technology and local networks, we've entered countries such as Myanmar, Bangladesh, Ethiopia, Botswana, and Tajikistan through consulting projects. Building on these capabilities, we expanded into EPC (Engineering, Procurement, and Construction), executing projects in Kazakhstan, Bhutan, and the Dominican Republic.
Starting with T&D consulting in Myanmar and the Philippines, we expanded to EPC projects in Kazakhstan, the Dominican Republic, and India. We're also pursuing new projects in Sri Lanka, the Philippines, Guam, and Uzbekistan. By leveraging our technologies and networks, we aim to expand follow-up projects in stages, create high-value services, and develop partnerships with domestic companies to enter global markets together.
The UAE HVDC Submarine Transmission Project—our first overseas investment and operation in power grids—is a milestone. It showcases 30 years of Korean HVDC technology excellence and ensures long-term stable revenue. Building on this, we will pursue further power grid investments and operation projects to secure new growth engines.
Expanding into the global market with renewable energy and innovative technologies, we are leading the future of the new energy businesses.
We are expanding our overseas new energy business based on renewable energy and new technologies. Key projects include the establishment of microgrids (MG) in Honduras and Mozambique, the establishment of intelligent power metering infrastructure (AMI) in Indonesia, and the promotion of exports of proprietary new technologies overseas. Through these initiatives, we are leading the global energy market.
We secured 53,000 tons of carbon credits in 2023 through the Myanmar cookstoves CDM (Clean Development Mechanism) project, and we plan to continuously secure carbon credits through the Bangladesh drinking water facility CDM project. Moving forward, we aim to diversify our overseas business by integrating related sectors and developing high-profit customized business models, positioning ourselves as a global leader in the new energy business.
14 Projects in 10 Countries
Saudi Arabia
Awarded Rumaila/Nairiyah Combined Cycle Project (3,780 MW)
Saudi Arabia
Awarded Jafurah CHP Project (317 MW)
Vietnam
Awarded Vung Ang 2 Coal-fired Power Project (1,200 MW)
United States
Awarded Ukudu (Guam) Combined Cycle Power Plant (198 MW)
Indonesia
Awarded Java 9 & 10 Coal-fired Power Project (2,000 MW)
Malaysia
Awarded Pulau Indah Combined Cycle Power Plant (1,200 MW)
Nigeria
Acquired equity and O&M rights for Egbin Power Plant (1,320 MW)
Vietnam
Awarded Nghi Son II Coal-fired Power Project (1,200 MW)
Jordan
Awarded Amman Diesel Thermal Power Plant (573 MW)
UAE
Awarded Shuweihat S3 Combined Cycle Power Plant (1,600 MW)
Mexico
Awarded Norte II Combined Cycle Power Plant (433 MW)
Saudi Arabia
Awarded Rabigh Heavy Fuel Power Plant (1,204 MW)
Philippines
Awarded Cebu Coal-fired Power Plant (200 MW)
Mexico
Awarded Al Qatrana Combined Cycle Power Plant (373 MW)
China
Gemeng International (Shanxi) Joint Venture Project
Philippines
SPC Joint Venture Project (350 MW)
Philippines
Ilijan Power Plant Construction & Operation Project (612 MW)
Philippines
Malaya Power Plant Performance Restoration Project (650 MW)
1 Project in the UAE
Unit 3 began commercial operation
Unit 2 began commercial operation
Operating license for Unit 3 obtained
Fuel loading for Unit 3 completed
Unit 1 began commercial operation
Fuel loading for Unit 2 completed
Fuel loading for Unit 1 completed
Unit 2 completed Cold Ready for Fuel Load (CRFL)
High-temperature functional testing began for Unit 3
Initial energization completed for Units 3 and 4
High-temperature functional testing began for Unit 2
Construction works for Unit 1 completed
Initial fuel loaded into Unit 1
Cold hydrostatic testing started for Unit 2
Reactor installation completed for Unit 4
Cold hydrostatic testing started for Unit 1
High-temperature functional testing started for Unit 1
First concrete pouring for Unit 4
Initial energization completed for Unit 1
Reactor installation completed for Unit 2
First concrete pouring for Unit 4
First concrete pouring for Unit 2
Reactor installation completed for Unit 1
First concrete pouring for Unit 3
Project initiated
Excavation work began
First concrete pouring for Unit 1
7 Projects in 6 Countries
Saudi Arabia
Awarded the Sadawi Solar Power Project (2,000 MW)
USA
Awarded the Yona (Guam) ESS-linked Solar Power Project (132 MW)
Mexico
Awarded the development of a solar power project (294 MW)
USA
Acquired the California Solar Power Plant (235 MW)
USA
Guam Solar Power Project (60 MW)
Japan
Chitose Solar Power Project (28 MW)
China
Kezhuo Solar Power Project, Liaoning (7 MW)
Jordan
Fujeij Wind Power Project (89 MW)
China
Wind power projects in Inner Mongolia, Liaoning, and Gansu Provinces (1,017 MW)
Mozambique
MG System Deployment in Tete
Indonesia
AMI (Advanced Metering Infrastructure) Deployment in West Java
Dominican Republic
Distribution Automation System Deployment
Honduras
Smart Distribution Network Construction
Dominican Republic
5th Phase Distribution Substation EPC Project
Bangladesh
Transmission Line Construction Consulting across the Jamuna River
Dominican Republic
Feasibility Study for Distribution Automation
Myanmar
Power Environment Improvement Project
Honduras
Green Energy Island Construction
Tanzania
ESS Deployment Planning Support for Frequency Regulation
Indonesia
Feasibility Study for Smart Energy Infrastructure Business Model Development
Indonesia
Preliminary Feasibility Study for Smart Energy Infrastructure Business Model Development
Bangladesh
CDM (Clean Development Mechanism) for Water Purification Facilities
Honduras
Master Plan Formulation and Detailed Planning for Distribution Automation System
Peru
Feasibility Study for Distribution Network Efficiency Improvement
Timor-Leste
Consulting for Power Loss Reduction
Honduras
Smart Distribution Network Construction
Dominican Republic
5th Phase Distribution Substation EPC Project
Bangladesh
Consulting for Transmission Line Construction across the Jamuna River
Dominican Republic
Feasibility Study for Distribution Automation
Myanmar
Power Environment Improvement
Honduras
Green Energy Island Construction
Indonesia
Feasibility Study for Smart Energy Infrastructure Business Model Development
Indonesia
Preliminary Feasibility Study for Smart Energy Infrastructure Business Model Development
Bangladesh
CDM for Clean Drinking Water Facility
Honduras
Detailed Planning for the Establishment of a Master Plan for a Distribution Automation System
Peru
Feasibility Study for Distribution Network Efficiency Improvement
Timor-Leste
Consulting for Power Loss Reduction
Dominican Republic
Distribution EPC Project (EIB)
Dominican Republic
Distribution EPC Project (WB)
Bangladesh
765 kV Transmission Network Feasibility Study
Bangladesh
Transmission Network Construction Consulting
Tajikistan
Power Grid Construction Consulting
Myanmar
500 kV Transmission Network Overhead Line Construction Consulting
Ethiopia
Feasibility Study for Southern Power Grid Expansion
Uzbekistan
SCADA/EMS Consulting
Philippines
Voltage Upgrade Project for Northern Distribution Lines
Cambodia
Consulting for Distribution Network Construction
Ghana
Infrastructure Development for Training Transmission & Substation Personnel
Egypt
Distribution Automation Construction Project
Kazakhstan
Transmission and Substation EPC Project
Bhutan
Substation EPC Business
India
EPC Business
Dominican Republic
Distribution EPC Business
Philippines
Feasibility Study for Distribution System Improvement
Myanmar
Power Grid Diagnosis and Development Study
Honduras
Green Energy Island Construction in Guanaja Island
Ethiopia
Feasibility Study for FR-ESS Construction
Mozambique
ESS for Grid Stabilization Construction
Malaysia
Feasibility Study for AMI Expansion
Ethiopia
Consulting for FR-ESS Introduction and Grid Stability Improvement
Mozambique
MG System Construction in Tete
Dominican Republic
AMI Expansion Project in West Java
Dominican Republic
Distribution Automation System Construction
Saudi Arabia
MG Construction Project in Guanaja Island
UAE
HVDC Subsea Transmission Network Project
Tanzania
Feasibility Support for ESS Construction for Frequency Regulation
Indonesia
Feasibility Study for Smart Energy Infrastructure Business Model Development
Indonesia
Preliminary Feasibility Study for Smart Energy Infrastructure Business Model Development
Bangladesh
Drinking Water Facility CDM Project
Myanmar
Construction of Energy Self-sufficient Villages
Cambodia
Construction of Microgrid (MG) and Charging Stations
Ecuador
Galapagos MG Construction Project
Myanmar
Cookstoves CDM Project
Barbados
K-BEMS (Korea Building Energy Management System) Construction Project
Tanzania
Smart Power Demand Management Project
Ecuador
Galapagos MG Construction Project
Sri Lanka
AMI Construction Project
Bangladesh
GIS (Geographic Information System) Construction Project in 4 Cities including Chittagong
Dominican Republic
Feasibility Study for Developing a New Distribution Business Model
Ethiopia
Eco-town MG Construction
Sri Lanka
AMI Construction Project
United States
Guam ESS EPC Consulting
Ethiopia
Feasibility Study for Eco-friendly Energy Town
Mongolia
Feasibility Study for Eco-friendly Energy Town
Peru
Feasibility Study and Local Demonstration Project for Standalone MG Construction
Dominican Republic
Smart Distribution EPC Project
Bhutan
Intelligent Substation EPC Project
UAE
Smart City Construction Project
Nigeria
GIS Database Construction Project
Canada
Microgrid Pilot Project
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