Profile: Korea Electric Power Corp (KEP)
19 Jul 2019
Korea Electric Power Corporation (KEPCO), incorporated on July 1, 1961, is an integrated electric utility company engaged in the transmission and distribution of electricity in Korea. Through its approximately six wholly owned generation subsidiaries, the Company also generates the electricity in Korea. The Company's segments include transmission and distribution, nuclear power generation and thermal power generation and all others. The transmission and distribution segment, which is operated by KEPCO, the parent company, 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 the Company's one nuclear generation subsidiary and approximately five thermal 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 its operation is categorized as all others. The all other segment consists primarily of operations related to the plant maintenance and engineering service, information services, and sales of nuclear fuel, communication line leasing, overseas businesses and others.
The Company's energy industry projects include Smart Grids and Energy Storage Systems, Electric Vehicle Charging Infrastructure and Bitgaram Energy Valley. The Company's thermal generation subsidiaries are 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). The Company's non-generation subsidiaries include KEPCO Engineering & Construction Co., Inc., KEPCO KPS Philippines Corp., KEPCO Nuclear Fuel Co., Ltd. and KEPCO KDN Co., Ltd.
The Company and its generation subsidiaries has approximately 620 generation units, including nuclear, thermal, hydroelectric and internal combustion units, representing total installed generation capacity of approximately 73,290 megawatts. Its thermal units produce electricity using steam turbine generators fired by coal, oil and Liquefied natural gas (LNG). The Company's internal combustion units use oil or diesel-fired gas turbines and its combined-cycle units are primarily LNG-fired. The Company also purchases power from a range of generation plants not owned by its generation subsidiaries. KHNP owns and operates over 23 nuclear generation units at approximately four power plant complexes in Korea, located in Kori, Wolsong, Yonggwang (Hanbit) and Ulchin (Hanul), over 51 hydroelectric generation units, including approximately 20 pumped storage hydro generation units, as well as over five solar generation units and a wind generation unit. KHNP has commercial operation of Shin-Wolsong #2, with approximately 1,000 megawatt capacity. KHNP is building over four additional nuclear generation units, two each at the Shin-Kori and Shin-Hanul sites, each with approximately 1,400 megawatt capacity.
The Company's transmission system consists of 33,320 circuit kilometers of lines of over 765 kilovolts and others, including high-voltage direct current lines, and it has over 820 substations with aggregate installed transformer capacity of 298,300 megavolt-amperes. The distribution system consists of 110,080 megavolt-amperes of transformer capacity and over 8,960,820 units of support with a total line length of over 465,280 circuit kilometers.
Korea Electric Power Corp