KEPCO and GE Sign $320 Million Contract to Build an HVDC Energy Highway to Power South Korea’s Seoul City
February 01 2018 - 7:00AM
Business Wire
- Strategic mega deal contract to bring 4
GW power to Seoul’s metropolitan area
- The new High Voltage Direct Current
(HVDC) system will reinforce the South Korean electrical network,
increasing the grid’s stability and reliability
- The project is expected to be completed
by end of 2021
GE Power (NYSE:GE) has been awarded a $320 million contract
through its joint venture, KAPES, by Korea Electric Power
Corporation (KEPCO) to provide equipment and expertise to deliver a
4 GW HVDC transmission link from the power complex located East of
South Korea, to Seoul’s metropolitan area that represents around
40% of global Korean energy demand1.
With 51.3 million people2, South Korea has experienced nearly a
35% growth3 in energy demand in the last decade alone. The country
faces the ambitious challenge of providing efficient energy to its
densely populated areas. This new HVDC project will increase the
stability and reliability of the Korean electrical transmission
grid by adding new routes for power supply.
GE together with KAPES will design and supply the overall HVDC
system, a 500 kV HVDC Bipole with two converter stations, including
valves, cooling system, converter transformers, filters,
switchyard, and control system. The technology is the optimal
answer to resolve Korea’s environmental constraints. This HVDC
system has a reduced environmental impact compared with traditional
alternating current (AC) system.
GE Power has in the past successfully delivered three important
HVDC reference projects in Korea. GE provided the original 300 MW
HVDC Bipole link for the point-to-point submarine interconnection
linking South Korea’s Jeju Island across 101 kilometers with the
mainland in the late 1990s. In 2009, GE was awarded and delivered a
second project to supply the new converter stations for the 400 MW
HVDC Bipole scheme. In 2014, through its KAPES joint venture, GE
was awarded the 1.5 GW Buk-Dangjin–Godeok HVDC connection to
transmit energy from the Dangjin power plant west of South Korea,
to the densely populated area of Pyeongtaek (Godeok) and Seoul
Metropolitan, about 35km east of Dangjin. The project is currently
in progress and will be completed end of 2019. The KAPES joint
venture between GE and KEPCO is a long term strategic relationship
to co-develop HVDC projects and increase Korean transmission grid
capabilities based on GE technology.
Jean-Pierre Faure, President of GE Power’s Grid Solutions
business in East Asia & Pacific said, “GE and KEPCO have a
20-year relationship in HVDC reference projects in Korea. This
trusted partnership between our companies and the success of the
joint venture are built on the successful delivery of numerous
contracts and GE’s technical expertise in HVDC technologies. This
new contract is a continuation of our commitment to contributing to
Korea’s growing power economy.”
Since 1976, GE has contributed to the advancement of the Korean
economy and industry by offering leading infrastructure
technologies. Working closely with partners and customers, GE has
been delivering long-term growth, leveraging Korea’s capabilities
and our strengths to perform locally and globally. Currently, 1,400
employees are offering the leading infrastructure technologies and
various services in the fields of Power, Oil & Gas, Aviation,
Healthcare etc. in Korea.
Notes to Editor
About GE:
GE (NYSE:GE) is the world’s Digital Industrial Company,
transforming industry with software-defined machines and solutions
that are connected, responsive and predictive. GE is organized
around a global exchange of knowledge, the "GE Store," through
which each business shares and accesses the same technology,
markets, structure and intellect. Each invention further fuels
innovation and application across our industrial sectors. With
people, services, technology and scale, GE delivers better outcomes
for customers by speaking the language of industry. www.ge.com
About GE Power:
GE Power is a world energy leader that provides technology,
solutions and services across the entire energy value chain from
the point of generation to consumption. We are transforming the
electricity industry by uniting all the resources and scale of the
world’s first Digital Industrial company. Our customers operate in
more than 150 countries, and together we power more than a third of
the world to illuminate cities, build economies and connect the
world.
For more information, visit the company's website
at www.gepower.com. Follow GE Power on
Twitter @GE_Power and on LinkedIn at GE
Power.
Sources:1 KPX database2 World Bank3 Index Mundi
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version on businesswire.com: http://www.businesswire.com/news/home/20180201005601/en/
GEAllison Cohen, +972 547 299
742allison.cohen@ge.comorCaroline Kozik,
+33 149 016 306caroline.kozik@ge.com
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