Changwon City Gives Wings to the 'Energy Industry Convergence Cluster'

Ministry of Trade, Industry and Energy Selected in Final Round of '2020 Energy Industry Convergence Complex Designation' Contest
Promoting Gas Combined Power Generation Industry through Systematic Research and Demonstration Support

Changwon City, Gyeongnam, was finally selected on the 20th in the '2020 Energy Industry Convergence Complex Designation' contest to foster the new energy industry and promote regional economic development. (Photo by Changwon City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Changwon City, Gyeongnam, has been selected as the final winner in the Ministry of Trade, Industry and Energy's public contest for the energy industry convergence complex, which it has been diligently developing to foster a new energy industry.

On the 20th, Changwon City announced that it was selected in the '2020 Energy Industry Convergence Complex Designation' contest to lead the development of new energy industries and regional economic growth, and will officially begin the project.

This project refers to the creation of a cluster where companies, institutions, and research institutes related to regionally specialized energy industries and energy-related industries such as equipment and parts gather to achieve cost reduction and technological innovation through convergence effects.

Currently, all 149 gas turbines operating in domestic power plants are imported products, and approximately 12 trillion won in costs including purchase and maintenance fees are being lost overseas.

The establishment of the gas combined cycle power generation energy industry convergence complex is expected to serve as a foundation not only for revitalizing the regional economy but also for research and development of future eco-friendly power sources.

The energy industry convergence complex is divided into research hubs and industrial hubs, and the project sites consist of ▲Research Demonstration District (Jinhae Free Research Zone), ▲Core District (Changwon National Industrial Complex), and ▲Investment District (Gapo District Port Hinterland Complex and Small Giant Research Special Zone). Using these hubs, the plan is to build a cluster for fostering the gas turbine industry, cultivate specialized manpower, strengthen technological competitiveness, and promote new growth engines.

Jo Young-jin, the first deputy mayor, said, “In line with the government's energy transition policy and the Green New Deal plan, we will make this a new growth engine that revitalizes Changwon's economy.”

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