[기획] Korea Midland Power-A global energy leader that enhances the value of life

Renewable power generation business expands overseas territories beyond domestic
Five strategies of’TRUST’… Target 30% of total power generation by 2030
Actively promoting expansion of solar, wind, and ESS power generation business in Europe and North America

[에너지데일리 송병훈 기자] Korea Midland Power (President Hyeong-koo Park) is promoting the creation of a domestic corporate ecosystem and job creation by expanding domestic and overseas renewable power generation projects. KOMIPO plans to supply 30% of the total power generation as renewable energy by 2030, and to lead the energy conversion through activation of the hydrogen economy.
Midbu Power has already exported the Korean standard coal-fired power model to Indonesia, and is delivering construction and operation technology and know-how through power plant projects such as Cirebon Thermal Power, Tanjung Jati Thermal Power, Whampu Hydropower, and Tanggamus Hydropower. However, in line with the global energy paradigm shift amid the climate crisis, the company plans to prove its excellence in the field of new and renewable energy.
The TRUST strategy for the spread of clean energy of Midland Power is ▶Together (together through collaboration) ▶Reduction (reducing pollutants through renewable energy) ▶Using (use of waste resources for future generations) ▶Share (Energy sharing) It is composed of five strategic tasks, such as Tighten (improving capabilities in the entire business cycle). It goes without saying that it plays a key role in the strategy of expanding renewable energy in Midland Power.
Midbu Power, which plans to expand 30% of the power generation ratio to renewable energy by 2030. The strategy for expanding renewable energy by Midbu Power, established as’TRUST’, is contained in the paper.

▲ Multilateral collaboration·New perspective… Pioneering Hue Energy

KOMIPO signed a business agreement with Inje-gun, Gangwon-do in August 2019, and is accelerating the development of regional win-win new renewable projects, such as a pilot project for fisheries coexistence using Hwang Tae-deokjang, the first in Korea. In particular, this project is evaluated as an exemplary case of efficient use of domestic tribal resources and local coexistence by utilizing idle land through cooperation between local governments and public institutions.

In addition, it is promoting a project with excellent effectiveness in that it can efficiently utilize the national territory as well as cooperation between public institutions by developing a solar power project utilizing idle land and facilities across the country. It is actively participating in the freshwater solar power project of the Rural Community Corporation such as Seokmun Lake Water Solar Power (80MW), and is developing new business areas.

Along with this, Jungbu Power is promoting welfare programs for the safety of marginalized neighbors and the public through the’Hope Nuri Project’. In September 2019, solar trees (solar trees) were installed in three locations in Boryeong City, including Daecheon Station, Daecheon Beach, and the headquarters of Jungbu Power. It is expected to use the upper solar module to provide fine dust information and wireless charging of smartphones, and use LED lighting at night to revitalize the dark city center. In the meantime, Jungbu Power has supplied 165kW solar power facilities to 18 social welfare facilities.

▲ Leading the development of new eco-friendly technologies… Creation of a new and renewable blue ocean

KOMIPO is actively participating in the development of various new technologies under the belief that only securing new domestic technologies will guarantee the future of the new and renewable energy business.

First, in May 2018, the development of an optical pattern-shaped wall-type solar module was initiated to improve power generation efficiency, and through prototype production and demonstration evaluation, a vertical application that can be applied to the wall of a building with an efficiency improvement effect of 10% or more compared to general solar modules. It is expected to introduce a type solar module.

In addition, the IoT-coupled solar panel intelligent cleaning robot is actively responding to the safety issue, which is a recent social problem, by preventing the reduction of efficiency due to panel contamination and using robots instead of people for work at high places.

In addition, on December 22nd last year, it acquired a license for the Jeju Sangmyung Wind Power P2G (Power To Gas) green hydrogen facility and started a full-scale trial run. The result was the first production of green hydrogen.

The first green hydrogen produced in Korea using wind power is expected to greatly contribute to the achievement of’expanding the use of cleanly produced electricity and hydrogen’ among the five basic directions of the government’s ‘2050 carbon neutral’ policy, and the conversion of renewable energy and green hydrogen-centered energy supply.

Based on the experience of developing Jeju Sangmyeong Wind Power, a successful business model that coexists with the local community, Jungbu Power is pursuing a local community and resident-centered development strategy to secure resident acceptance. Business development is expanding in coastal areas with excellent wind conditions and reclaimed areas on the west and south coasts. In particular, in accordance with the restrictions on the development location of the onshore wind power, it is focusing on developing offshore wind power with high potential such as Seocheon Offshore Wind Power and Yeongwang Offshore Wind Power.

▲ The power of’Team Korea’

Not only that. Jungbu Power is planning to lead the global energy conversion by promoting overseas renewable energy generation projects.

In the low power that Midbu Power is promoting overseas new and renewable projects, there is an experience that the Indonesian hydropower project was successful. In April 2016, the Whampu Hydroelectric Power Plant (45MW), which started commercial operation for the first time as a domestic electric power group company, was the starting point, and in July 2018, the Tanggamus Hydroelectric Power Plant (55.4MW) successfully completed construction and started commercial operation one after another.

As the largest shareholder of the two businesses, Jungbu Power has played a leading role in the overall business including business development, financing, construction management and operation maintenance, and its own revenue of about 280 billion won through a 30-year electricity sales contract with Indonesia Electric Power Corporation. It is expected to create. In addition, it has been recognized by the United Nations for its greenhouse gas reduction effect, and has been accredited with 220,000 tonnes of CER (Certified Emission Reduction) per year, and is keeping pace with the global trend of low-carbon green growth.

In addition, these projects have established themselves as a standard model for a representative export-type overseas private power generation project in which domestic companies participated in the’Team Korea’ method throughout the entire project process, from financing (Export-Import Bank of Korea) to power plant construction (POSCO E&C, domestic SMEs). I was pagan.

▲ Spur advance into the European and North American markets

Currently, Jungbu Power is pursuing additional hydropower plant projects in four places in Indonesia. All four projects, including Siborpa (114MW), passed a preliminary screening for bidding for hydropower projects by the Indonesia Electric Power Corporation in March 2019. Although the announcement of bidding related to Indonesia’s electricity policy revision and selection of preferred operators is delayed, it is expected that the results of the selection of preferred operators will come out soon.

The successful entry of Indonesia’s hydropower business is not the only part of the overseas renewable business of Jungbu Power. Midland Power is actively promoting solar and wind power generation projects in Europe and North America, which are leading the global energy paradigm.

The Stavro wind farm (254MW) is being developed jointly with Korean and German financial investors in the northern central part of Sweden in Northern Europe, where wind resources are abundant, and the financial closing ceremony and groundbreaking ceremony were held in November 2019.

In particular, KOMIPO is fulfilling its responsibilities as a public corporation by jointly promoting overseas renewable energy projects to revitalize the domestic renewable energy market and create new revenue sources for equipment manufacturing companies and domestic financial institutions.

Such achievements and experiences lead to additional business opportunities, and are jointly developing a solar power business in Texas with a Korean company, and also promoting energy storage (ESS) business in California with a domestic company. In particular, the ESS business is in the spotlight as a means to solve the problem of power quality and power system instability that emerges in the situation where the US renewable market is rapidly growing, and its importance and marketability are highly evaluated.

KOMIPO plans to enter these new markets at an early stage, secure operational technology and development capabilities, and advance into other countries as well.

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