Dongseo Power "Investing 270 Billion in New Deal... Creating 1,303 Jobs"

Checking the Q3 Performance of the 'Dongseo Power New Deal'

Korea East-West Power held a 'New Deal Promotion Team Meeting' on the 9th, chaired by President Park Il-jun, to review the progress made up to the third quarter. (Photo by Korea East-West Power)

[Asia Economy Reporter Moon Chaeseok] Korea East-West Power announced on the 9th that it invested about 270 billion KRW in the third quarter in the 'East-West Power-type New Deal Comprehensive Plan,' creating 1,303 jobs.

East-West Power said that on the same day, under the chairmanship of President Park Iljun, it held a New Deal Promotion Team meeting at the Ulsan headquarters' main conference room to review the East-West Power-type New Deal for the third quarter.

The 'East-West Power-type New Deal,' established in August, consists of four policy directions: ▲Green New Deal ▲Digital New Deal ▲Safety & Environment ▲Social Value, and 91 key tasks to achieve these goals.

By 2025, the core objective is to secure growth engines and contribute to job creation by investing 7.0461 trillion KRW in expanding new and renewable energy investments, creating a digitact (a portmanteau of 'untact' and 'contactless') work environment, establishing a people-centered safety net, and building an environmental network.

According to East-West Power, about 270 billion KRW was executed by the third quarter. The investment execution rate is about 70% of this year's target.

The investment created 1,303 direct and indirect jobs. Public and private direct jobs accounted for 379 positions.

First, in the Green New Deal sector, through its proprietary brand 'K-Solar 1000' project, two projects including the Dangjin No.1 Treatment Plant solar power plant in Chungcheongnam-do were implemented. A total of 26MW of solar power facilities were completed.

Additionally, to establish a hydrogen industry triangle, projects such as the Daesan by-product hydrogen fuel cell (50.2MW), Paju (Phase 1, 8.1MW), Donghae (15MW), and Ulsan (Phase 2, 4.2MW) were promoted, starting commercial operations of fuel cell power plants with a total capacity of 77.5MW.

Other energy new businesses include campus energy efficiency projects and citizen participation virtual power plant construction projects.

In the Digital New Deal sector, an intelligent chatbot service project to realize a digital power plant has been launched. Cyber quarantine systems and information and communication technology (ICT) infrastructure are also being established.

Company-wide smart offices have been built, and digitact-style export consultation meetings, non-face-to-face remote technical support for domestic and overseas power plants, and equipment diagnosis projects are underway.

In the Safety & Environment sector, projects include ▲preventing safety accidents through intelligence and unmanned systems ▲non-face-to-face online safety education for entry workers and virtual reality (VR) system construction ▲environmental facility improvement projects such as indoor coal yard projects at Dangjin Thermal Power Plant ▲development of carbon dioxide capture and utilization technologies.

In the Social Value sector, customized job projects for all age groups, including vulnerable employment groups, are being conducted in collaboration with employment support agencies. Projects such as the Ulsan urban-type solar power leading model 'EWP Energy 1004,' fine dust reduction green classrooms, and green remodeling support projects for welfare facilities are also in progress.

At the meeting, President Park said, "We must steadily promote the key tasks of the East-West Power-type New Deal through regular inspections and improvements," and urged, "As a public enterprise, please do your best to contribute to overcoming the national economic crisis and to lead the Korean New Deal initiative."

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