KEPCO Signs 765kV Transmission Network Technology Cooperation Deal with PSEG... Kim Dongcheol: "Will Continue Expanding Entry into Power Market"

KEPCO Signs Technology Cooperation Agreement at KEPCO Art Center on April 28
Joint U.S. Ultra-High Voltage Power Grid Construction Project Set to Begin

Korea Electric Power Corporation (KEPCO) is making a full-fledged entry into the U.S. power market. This move comes as KEPCO signed a contract with a U.S. energy company for cooperation in the American transmission business, following recognition of its transmission technology and operational expertise.

On April 28, KEPCO announced that it had signed a contract with U.S. energy company PSEG at the KEPCO Art Center in Yangjae-dong, Seoul, for cooperation on the 765kV ultra-high voltage transmission network project.

Kim Dongchul, President of Korea Electric Power Corporation (left), and Kim Haneman, President of PSEG, are signing a technical cooperation agreement for the 765kV power transmission network and taking a commemorative photo at the KEPCO Art Center on the 28th. Photo by Korea Electric Power Corporation

A KEPCO official stated, "This contract is considered an important achievement that internationally demonstrates KEPCO's EPC (engineering, procurement, and construction) capabilities and stable grid operation expertise for 765kV-class ultra-high voltage transmission networks. In particular, it is significant as it represents official recognition of our competitiveness in the U.S. market, based on our long-distance, high-capacity transmission technology and operational experience."

KEPCO plans to use this cooperation as an opportunity to move beyond simple technical consulting and to participate more proactively in all aspects of project development and execution. In particular, KEPCO intends to make a full-scale entry into the U.S. power market by directly participating in projects through equity investments and the establishment of special purpose companies (SPCs).

In addition, KEPCO plans to establish a 'Team Korea' system together with domestic equipment manufacturers to advance into the U.S. 765kV transmission network market. Through this, KEPCO expects to expand the overseas presence of Korea's power equipment industry and further enhance its competitiveness in the global power infrastructure market.

Kim Dongcheol, President of KEPCO, stated, "This contract serves as proof that KEPCO's 765kV EPC and operational capabilities have been validated in the global market. As a responsible public corporation, we will continue to work with Korean companies and expand our entry into the U.S. power market through various methods, including equity investment."

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