Full Description

Korea Electric Power Corporation (KEPCO), incorporated on January 1, 1982, is an integrated electric utility company engaged in the transmission and distribution of electricity in Korea. During the year ended December 31, 2008, the Company sold 385 billion kilowatt-hours of electricity. Korea Hydro & Nuclear Power Co., Ltd. (KHNP) is the wholly owned nuclear and hydroelectric power generation subsidiary. KEPCO also wholly own its five non-nuclear generation subsidiaries, Korea South-East Power Co., Ltd (KOSEP), Korea Midland Power Co., Ltd. (KOMIPO), Korea Western Power Co., Ltd. (KOWEPO), Korea Southern Power Co., Ltd. (KOSPO), and Korea East-West Power Co., Ltd. (EWP), each of which is incorporated in Korea. The Company operates in three segments: transmission and distribution, power generation and all other. The transmission and distribution segment, which is operated by KEPCO, consists of operations related to the transmission, distribution and sale to end-users of electricity purchased from its generation subsidiaries, as well as from independent power producers. The power generation segment, which is operated by KEPCO’s six generation subsidiaries, consists of operations related to the generation of electricity sold to KEPCO through the Korea Power Exchange.

The transmission and distribution segment and the power generation segment together represent the Company’s electricity business. The remainder of operation is categorized as all other. The all other segment consists primarily of operations related to the engineering and maintenance of generation plants, information services, sales of nuclear fuel, communication line leasing and others. Through KHNP, the Company operates 20 nuclear-fuel generation units as of December 31, 2008. It owns and operates four power plant complexes in Korea, located in Kori, Wolsong, Yonggwang and Ulchin, as well as 27 hydroelectric generation units, and two solar generation units and one wind generation unit. As of December 31, 2008, KOSEP had a total installed capacity of 8,941 megawatts. As of December 31, 2008, KOMIPO, had a total installed capacity of 9,505 megawatts. As of December 31, 2008, KOWEPO, had a total installed capacity of 8,885 megawatts.

As of December 31, 2008, KOSPO, had a total installed capacity of 8,267 megawatts. As of December 31, 2008, EWP, had a total installed capacity of 9,501 megawatts. As of December 31, 2008, the Company’s transmission system consisted of approximately 29,929 circuit kilometers of lines of 765 kilovolts and others, including high voltage direct current lines, and it had 693 substations with an aggregate installed transformer capacity of 237,300 megavolt-amperes. Its distribution system consists of 96,866 megavolt-amperes of transformer capacity and approximately eight million units of support with a total line length of 410,015 circuit kilometers.