Seobu Power Generation Achieves 233 Cases of Domestic Production for Power Generator Materials Last Year... Replacing Imports with 6.36 Billion KRW Success

'2020 Power Generation Equipment Materials and Components Localization Achievements' Report Meeting

Kim Byung-sook, President of Western Power (center), is reviewing the achievements of localization.

[Sejong=Asia Economy Reporter Joo Sang-don] Korea Western Power achieved KRW 6.36 billion in results last year by localizing 233 power generation materials and components, replacing imported products.

On the 28th, Western Power announced this at the '2020 Power Generation Equipment Materials and Components Localization Achievements Report Meeting' held at its Taean headquarters.

In 2020, Western Power promoted the localization development of 233 items out of 6,247 target items, raising the localization rate from the previous 25.8% (1,616 items) to 29.5% (1,849 items), an increase of 3.7 percentage points. Through this, they replaced imported materials with domestic ones, creating tangible results worth KRW 6.36 billion and achieving practical outcomes.

Specifically, they replaced expensive imported materials such as fractional horsepower motor bearings and coal burner nozzles with domestic products, saving KRW 1.82 billion; expanded and applied mechanical seals for feedwater pumps and control panels for coal feeders, reducing costs by KRW 860 million; and increased profits by KRW 3.68 billion through localization of major parts such as the first-stage nozzle of gas turbines and high-frequency transformers for electrostatic precipitators.

At the report meeting, awards were given to 13 employees and 6 departments that showed excellent localization achievements in areas such as tangible results and development difficulty. Appreciation plaques were also presented to 5 small and medium-sized enterprises that worked together for localization.

Kim Byung-sook, President of Western Power, said, “The role of Western Power and small and medium enterprises is important in creating a win-win cooperation model of 'solidarity and cooperation' within the materials, components, and equipment ecosystem. I hope everyone will do their best to achieve the challenging goal of localizing 280 materials and components this year.”

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