Jungbu Power-Gyeonggi Province, SME Greenhouse Gas Reduction MOU: "200,000t Reduction Over 10 Years"

After the signing ceremony for the expansion of the win-win greenhouse gas reduction project held non-face-to-face on the 5th, the officials are taking a commemorative photo. (From left: Ohm Osik, Director of Power Environment, Korea Midland Power; Eom Jinseop, Director of Environment, Gyeonggi Province; Cho Changseop, President of Gyeonggi Textile Industry Association; Lee Minhyung, President of Korea Ascon Industry Cooperative; Lee Haksoo, President of JG Corporation)

[Asia Economy Reporter Kim Bo-kyung] Korea Midland Power and Gyeonggi Province signed a business agreement on the 5th with the Gyeonggi Textile Industry Association, Korea Ascon Industrial Cooperative, and JG Corporation to reduce greenhouse gas emissions and transition to clean fuels.

The purpose of this business agreement is to activate the transition from bunker C oil to liquefied natural gas (LNG) fuel at facilities in Gyeonggi Province by utilizing Midland Power's small and medium-sized enterprise win-win greenhouse gas reduction project and emissions trading system.

Midland Power plans to support participating companies from government-certified consulting to emissions permit purchases to expedite the project. It is expected that approximately 200,000 tons of greenhouse gases can be reduced over 10 years after the project is completed.

Park Hyung-gu, president of Midland Power, said, "We have invested 3 billion KRW over the past two years in clean fuel transition and high-efficiency equipment replacement projects with local governments and SMEs, establishing facilities capable of reducing 140,000 tons of greenhouse gases," adding, "We will continue to fulfill our role as an energy public enterprise leading the realization of an eco-friendly low-carbon society."

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