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Korea Electric Power Corporation (KEPCO)
and GE have signed a memorandum of
understanding to establish infrastructure
for high voltage direct current transmission
in Bitgaram Energy Valley in Naju city,
South Korea.
KEPCO’s CEO, Hwan Eik Cho, and Bong
Soo Moon, its EVP and chief power grid
officer, joined the signing ceremony with
Jeff Immelt, chairman and CEO at GE, and
Chris Khang, CEO for GE Korea.
The companies have agreed to cooperate
on localizing the latest HVDC technology.
Bitgaram Energy Valley will be further
leveraged as the HVDC test bed with
investments in digital grid applications and
big data analysis. To support this initiative,
GE has opened an office in Naju.
Hwan Eik Cho, CEO of KEPCO, said:
“We are pleased to establish this HVDC
infrastructure at Bitgaram Energy Valley
through joint investment with GE,”
adding: “This investment will contribute
to the development of Korea’s HVDC
technology, while the Energy Valley leaps
to become a global hub for new energy
businesses. GE’s continued investment
in Korea will support the growth of local
companies in the future.”
LS Cable & System Asia and its affiliate,
Gaon Cable, held a joint venture signing
ceremony in February 2017.
The two companies will invest around
$27 million to establish a production
company, LS-Gaon Cable Myanmar
(LSGM), at Myanmar’s Thilawa Special
Economic Zone. The power cable plant,
expected to be complete by 2018, will
mainly produce aerial cables for power
infrastructure, and low voltage cables for
buildings and houses.
LS C&S Asia plans to expand production to
medium and high voltage cables through
a phased investment.
Joint cable venture
Korean collaboration
wiredInUSA - April 2017
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