KEPCO Signs $38.15 Million Contract for Distribution Substation Construction in Dominica... Cumulative Orders Surpass $200 Million

Won contracts for 3 out of 4 substations in competition with 5 companies including Spain
KEPCO: "Dominican Republic as a key base country in Latin America to expand overseas markets in the Americas"

Korea Electric Power Corporation (KEPCO) has secured a contract for the construction of distribution substations in the Dominican Republic. Distribution substations are facilities that convert high voltage from power lines to lower voltage to supply electricity to users.

On the 1st (local time), KEPCO announced that it signed a contract worth $38.15 million (approximately 49 billion KRW) for the 'Dominican Republic Distribution Substation' construction project.

This project involves the establishment and reinforcement of three distribution substations in Santo Domingo, the capital of the Dominican Republic, by KEPCO using the EPC (Engineering, Procurement, and Construction) method.

A KEPCO official stated, "KEPCO fiercely competed with five global companies, including local Dominican and Spanish firms, in the international bidding process for the contractor selection of this project, winning three out of four substations. KEPCO plans to actively support the entry into the Dominican market for the growth of excellent domestic companies and aims to enhance competitiveness in overseas markets such as neighboring Latin American countries."

This marks KEPCO's fifth participation in the modernization of power facilities in the Dominican Republic. With this project, the cumulative contract amount has surpassed $200 million (approximately 256.9 billion KRW).

Previously, KEPCO participated in 2009 as a research team for the 'Power System Improvement Plan' of the Dominican Republic, selected as a partner country for the Ministry of Strategy and Finance's Knowledge Sharing Program (KSP). In 2011, KEPCO won a contract for a distribution network improvement project funded by the Inter-American Development Bank (IDB), continuously achieving results.

Despite differences in power equipment standards between the Dominican Republic and Korea, which make exporting domestic equipment difficult, KEPCO analyzed technical specifications and domestic procurement feasibility from the project information acquisition stage. This effort enabled joint entry with excellent domestic equipment companies, simultaneously achieving domestic equipment exports worth $20.7 million.

Hyunchan Lee, Head of New Growth & Overseas Division at KEPCO (third from the left), is signing.

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