"Let's Collaborate on East Coast Wind Power" ... Gyeongbuk Development Corporation and Korea East-West Power Join Hands for Eco-Friendly Energy Projects
President Lee Jae-hyuk of Gyeongbuk Development Corporation (left in the photo) and President Kim Young-moon of Korea East-West Power are holding up the certificate after signing a business agreement.
View original image[Asia Economy Yeongnam Reporting Headquarters Reporter Koo Dae-sun] Gyeongbuk Development Corporation (President Lee Jae-hyuk) is strengthening its partnership with Korea East-West Power Co., Ltd. (President Kim Young-moon) to enhance ESG management and make a major transition to eco-friendly energy.
Gyeongbuk Development Corporation announced on the 14th that “on the 13th, a ‘Public-led Renewable Energy Power Generation Project Joint Development Memorandum of Understanding’ was signed at the Korea East-West Power office in Jung-gu, Ulsan City.”
The public-led renewable energy power generation project is a business model in which public institutions lead the development of wind and solar energy, which are public goods, and ensure that the generated profits return to the local community and residents. This project aims to strengthen public interest, link regional development, and expand the distribution of excellent renewable energy in the region.
With the signing of this agreement, Gyeongbuk Development Corporation plans to join forces with Korea East-West Power to develop public-led projects.
The east coast of Gyeongbuk is an area with excellent wind resources, and efforts will be focused on ensuring that renewable energy power generation projects contribute to regional development and that profits from these projects are returned to the local community through cooperation.
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Lee Jae-hyuk, President of Gyeongbuk Development Corporation, pointed out, “Achieving carbon neutrality is an urgent task that cannot be delayed, but regional coexistence is also an important core value that a public enterprise cannot take lightly.” He added, “I hope today’s agreement will succeed as a model project that grows together with the local community.”
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