Korean Electric Power Corporation (KEPCO) is the largest electric utility in South Korea response for 93% of the country’s electric generation.
Its businesses are in generation, transmission and distribution of electricity and development of electric power projects in nuclear, wind and thermal power. What started as Hansung Electric Company in January 1898, evolved to Korea Electric Power Company (KEPC) in 1944 by integrating electric companies across South Korea and in 1961, became Korea Electric Company (KECO) by merger of KEPC and 2 distribution companies. In 1982 KECO become a wholly owned government entity and was rechristened as KEPCO. KEPCO generates power through 503 generation units with an installed capacity of 65.38 GW. Its primary customer base is the manufacturing sector, accounting for 55.4% of electricity sales, followed by public service at 31.5% and residential at 13.1%.
KEPCO operates through its 2 divisions:
Domestic: It includes operations related to transmission, distribution and sale to end-users electricity purchased from generation subsidiaries and independent power producers through the Korea Power Exchange.
Overseas: An area of strategic importance, KEPCO is presently carrying out 32 projects in 17 countries to increase its international footprint. It aims to increase its overseas revenue share from 7% in 2015 to 15% in 2020. Special areas of focus is the Middle East and Latin America.
Apart from the above, KEPCO has 4 subsidiaries for related areas in the power business: KEPCO E&C: An engineering company developing nuclear and thermal power plant)
Korea Nuclear Fuel: A specialist in design & manufacture of nuclear fuel as well as fuel engineering services. It’s the only producer of nuclear fuel in the world for both light water and heavy water reactors.
Korea Plant Service & Engineering: It provides maintenance service for power generation, transmission and industrial facilities in South Korea
Korea Electric Power Data Network: It provides IT services for all stages, right from power generation to sales.
With a mission to supply a cleaner and sustainable power in future, KEPCO has devised 12 new green and smart technologies to support the grid & services as well as energy generation.