* Investment to cut carbon emissions, boost efficiency
* 400 bln won to be spent annually in next five yrs
* Seen boosting renewables use, overseas opportunities
(Adds details, quotes)
SEOUL, Feb 18 State-run Korea Electric Power Corp
(KEPCO) (015760.KS) said on Friday it would invest 8 trillion won
($7.18 billion) in its smart grid business by 2030 to cut carbon
emissions and boost the efficiency of electricity facilities.
Of the total investment 400 billion won per year will be
spent in the next five years, 2.3 trillion won through 2020 and
the remainder through 2030 to upgrade power transmission and
distribution systems and switch meters, the company said in a
South Korea said in early 2010 that it aimed for spending of
27.5 trillion won over the next two decades on smart grids to
make electricity distribution more efficient, reduce greenhouse
gas emissions and save $26 billion in energy imports.
The OECD's fastest-growing carbon polluter and the world's
No.5 oil importer wants to create a nationwide smart grid by 2030
for an electricity market worth 68 trillion won.
In a smart grid, computers and sensors installed at power
plants, substations and along power lines signal control centres
that better manage the flow of electricity.
KEPCO added the investment would help it lift the proportion
of power nationwide drawn from renewable sources, including solar
and wind power, to 11 percent, and to target overseas markets
with related technology.
Shares of KEPCO rose 1.38 percent to 29,450 won as of 0140
GMT on Friday, outperforming the broader market .KS11.
(Reporting by Cho Mee-young; Editing by Jonathan Hopfner)