Jungbu Power Launches Green New Deal Promotion TF

"Early June 'Mid- to Long-Term Plan' Internal and External Announcement"

Korea Midland Power Co., Ltd. has launched the 'KOMIPO Green New Deal Promotion Task Force (TF)' to proactively respond to the post-COVID-19 era and to align with the Korean-style Green New Deal policy. The fourth person from the right in the first row is Noh Woong-hwan, Head of Business Division at Korea Midland Power, and the fourth person from the left in the first row is Hwang Jin-taek, Professor of Electrical Engineering at Jeju National University. (Photo by Korea Midland Power)

[Asia Economy Reporter Moon Chaeseok] Korea Midland Power Co., Ltd. announced on the 28th that it has launched the 'KOMIPO Green New Deal Promotion Task Force (TF)' at the Mudrin Hotel in Boryeong-si, Chungcheongnam-do.

Midland Power stated that the TF was formed to proactively respond to the economic activity slowdown after the novel coronavirus disease (COVID-19), to prioritize environmental trends, and to comply with the Korean-style Green New Deal policy as a public enterprise.

This TF is composed of three divisions: renewable energy development, investment and workforce development, and jobs and digital technology. Division members were appointed from in-house experts in the respective fields.

The purpose of operating the TF is to establish and implement Midland Power's mid- to long-term strategy necessary for promoting energy transition, a core task of the Korean-style Green New Deal.

Midland Power expects that through the KOMIPO Green New Deal, it will realize social values centered on eco-friendliness by utilizing 4th industrial revolution technologies, climate change measures, untact digital technologies, and more.

Professor Hwang Jintaek of Jeju National University’s Department of Electrical Engineering, invited to the launch ceremony, gave a special lecture on the topic of "Energy Transition and New Industry Policy Trends."

Professor Hwang said, "The transition to renewable energy is not a reduction of existing jobs," adding, "On the contrary, it can be an opportunity to create more high-quality eco-friendly jobs."

Early next month, Midland Power plans to announce the 'KOMIPO Mid- to Long-term Green New Deal Promotion Plan' both internally and externally. By the end of the year, it will publish a white paper detailing the achievements of the KOMIPO Green New Deal.

Park Hyunggu, President of Midland Power, said, "By 2030, Midland Power will actively invest in and support energy transition and related projects to achieve a 25% renewable energy generation ratio and the Korean-style Green New Deal," adding, "We will do our best to fulfill our role as a leading public enterprise in the Green New Deal."

This content was produced with the assistance of AI translation services.