Major Overseas Project
Major Overseas Project Report
| Project |
Joint operator |
Facility
capacity(MW) |
Project Period |
| In operation |
Bulgaria Solar Photovoltaic Power |
ASM |
SDN |
20.14 |
‘11.12~’31.12
(20 year) |
| RES |
21.48 |
‘12.03~’32.02
(20 year) |
| Pakistan Gulpur Hydro Power |
DL E&C, Lotte E&C |
102(51×2) |
‘20.03~’50.03
(30 year) |
| Indonesia Amurang O&M TSA |
PT.MDT |
60 |
'18.05~'27.04
(9 year) |
Chile Solar Photovoltaic Power
(1st stage) |
COPA Fund |
48.6 |
’18.04~'43.03
(25 year) |
Under
construction |
Nepal UT-1 Hydro Power |
kind, ifc, Jade Power |
216(72×3) |
'26.10~'53.11
(27 year) |
| Pakistan Asrit-Kedam Hydro Power |
KIND |
215 |
'28.06~'58.06
(30 year) |
| Pakistan Kalam-Asrit Hydro OWER |
KIND |
238 |
'28.12~'58.12
(30 year) |
Chile Solar Photovoltaic Power
(2nd stage) |
KIND, SPRAT, HANA Securities |
52 |
'22.02~'52.02
(30 year) |
Indonesia Palu-3 CFB
Power Plant TSA |
Doosan Heavy
Industry, PT.WIKA |
100(50×2) |
'23.03~'28.03
(5 year) |
| Vietnam Vung ang 2 O&M TSA |
KEPCO |
1,200(600×2) |
'21.03~'49.03
(29 year) |
Resource
Deveopment |
Australia Moolarben Mine
Development Project |
Yancoal / Sojitz /
Korea consortium |
625,000
Tons/year |
'08 ~ '32 (24 year) |
Indonesia Adaro Mine
Development Project |
Adaro Energy/KOEN |
3,000,000
Tons/year |
'09~’23 (14 year) |
Australia Bylong Mine
Development Project |
5 Korea power producers |
In
development |
'17~’60 (43 year) |
Indonesia byan Mine
Development Project |
Bayan Resources,
5 Korea power producers |
Under
negotiation |
'16 ~ '38 (22 year) |
Overseas Power Generation Projects (Equity Participation, O&M)
By exporting power plant construction and operation technologies to foreign countries, KOEN seeks to generate a new source of revenue growth,
in addition to promoting joint advance of domestic partner companies to overseas markets (equipment production, construction service, etc.).
Distributed Solar PV power plant plant project in Chile and hydropower plant project in Nepal and Pakistan are underway, as well as
a PV power plnat project in Bulgaria. KOEN is also expanding business areas to countries with high growth potentials for the diversification of revenue structure.
- Effects : Growth into a global power company by diversifying overseas project areas;
development of future revenue stream by engaging in high-value-added IPP and O&M projects
Bulgaria Solar Photovoltaic Power Generation (In Operation)
This is the first renewable energy project in Eastern Europe conducted by a Korean company. At the time of completion, this mega-project had
a facility size that was second largest in Eastern Europe and fifteenth largest in the world. A photovoltaic power generation complex with
a capacity of 42MW was constructed through this BOO (buildown-operate) project in which KOEN has the rights to operate for 20 years.
A 21MW-class PV power plant was each built in Zlatitsa (near Veliko Tarnovo, an old capital of the Bulgarian Kingdom) and Samovodene,
200km east of the capital city of Sofia. The power plants were completed in 2011 and 2012, respectively, before the operation began.
KOEN’s project management and operation experiences, as well as technologies from smaller Korean PV companies, were harnessed in this
project, which was praised as an exemplary case in which a public corporation and SMEs achieved mutual growth, and helped Korean companies
expand into overseas renewable energy market.
-
Project Information
The first renewable energy project in eastern Europe conducted by the south korea
-
Installed Capacity
41.6MW
-
Joint Operator
SDN
-
Total Project Cost
221 Bil KRW
Chile Solar Photovoltaic Power Generation (In Operation)
This project involves 7 small distribued PV power plants (PMGD) near Chile’s capital city of Santiago, as well as 3 PV power plants near Calama, Antofagasta.
It is a large renewable energy PV and operation project with a capacity of 48.6MW. The use of PV modules by Korean companies will contribute greatly to the growth
of the Korean industry, expansion of exports, creation of quality jobs, and mutual growth of various Korean companies. In particular, the project can be registered
in CDM to procure carbon emissions rights, which will play an important role in satisfying KOEN’s carbon emissions reduction requirements.
-
Project Information
Equity Investment (largest shareholder), Project Operation, OE
-
Installed Capacity
48.6MW
-
Joint Operator
COPA Fund
-
Total Project Cost
KRW72 Billion
Pakistan Gulpur Hydro Power Plant (In Operation)
This is a BOOT (build-own-operate-transfer) project that involves construction and oepration of a hydropower plant with a capacity of 102MW
in the Poonch River estuary, 167km southeast of Islamabad, the capital of Pakistan.
-
Project Information
IPP Project (share investment, OE, O&M)
-
Installed Capacity
102MW (51MW x 2 units)
-
Joint Operator
Daelim, Lotte
-
Total Project Cost
KRW400 Billion
Nepal Upper Trishuli-1 Hydro Power Plant (Under Construction)
This project involves construction and operation of a 216MW-class hydropower plant in Trishuli River, 70km away from Katmandu,
the capital of Nepal. It is the first Southwest Asian power generation project by KOEN, and is meaningful in that it establishes
a gateway to the region. It is also significant in that it is the first project in which the International Finance Corporation (IFC)
works with a Korean company in a developing nation.
-
Project Information
IPP Project (equity investment, OE, O&M)
-
Facility Capacity
216MW (72MW x 3 units)
-
Joint Operator
KIND, IFC, Jade Power
-
Total Project Cost
KRW712 Billion
-
EPC Contractor
Doosan Heavy Industry
Pakistan Asrit Kedam Hydro Power Plant (Under Development)
-
Installed Capacity
229MW
-
Location
375km Northern Islamabad, Pakistan
-
Total Project Cost
605 Bil KRW
-
Construction Period
‘23.12 ~ ’28.12(Operating for 30 years after completion)
Pakistan Kalam Asrit Hydro Power Plant (Under Development)
-
Installed Capacity
238MW
-
Location
375km Northern Islamabad, Pakistan
-
Total Project Cost
618 Bil KRW
-
Construction Period
‘24.06 ~ ’29.06(Operating for 30 years after completion)
Overseas TSA
Based on experience building 24 large-capacity power facilities(800MW, etc) and operating various facilities, KOEN is operating TSA projects in the overseas.
- Key commissioning Tasks : On-site OJT and facility diagnosis support / facility enhancement proposals / participation in commissioning
process meetings and schedule review / training for local operators.
- Effects : Generation of new revenue stream by exporting technologies / establishment of overseas project network by successful operation of
power generation commissioning improvement of corporate brand image.
Vietnam Vung Ang Ⅱ Thermal Power Plant O&M Technical Support Service Project
-
Installed Capacity
1,200MW(600×2)
-
Location
Vietnam northeast Hatinh sung, 300km southern Hanoi, Vietnam
-
Orderer
Korea Electric Power Corporation(KEPCO)
-
Project Period
‘21.10 ~ ’49.12
Indonesia Amurang Coal-Fired O&M Technical Support Service Project(In Progress)
-
Capacity
60MW(30MW×2units)
-
Location
Amurang, Indonesia(Northern Sulawesi)
-
Orderer
PT.MDT
-
Project Period
April 2018 - April 2027(9 Years)
Indonesia Palu-3 Circulating Fluidized Boiler(CFB) Power Plant(Under Construction)
O&M Project for 100MW power plant to be built in the central Palusi region of Sulawesi Island, about 2,500km northease of Jakarta.
It is expected that KOEN will unveil its outstanding operational capabilities to the Indonesian power market with CBF power plant that
woild meet the Indonesian government’s stricter environmental regula-tions.
-
Project Information
O&M
-
Capacity
100MW(50MW×2 units)
-
Joint Operator
Doosan Heavy Industry, PT.WIKA
-
Project Period
5 Years
Overseas Resource Development
To respond to spikes in bituminous coal prices and fluctuating supply of the resource, and secure a reliable and long-term source
of bituminous coal, KOEN is developing overseas resource projects, successfully participating in coal development in Adaro Mine (Indonesia)
and Moolarben Mine (Australia) to secure priority purchasing rights for 6.62 million tons of bituminous coal annually.
- Effects : Ensuring reliable supply of power generation fuel and generation of investment profits from sales fees and dividends-KOEN continues
to make efforts to develop overseas power generation and resource procurement projects by producing packages connecting investment and ownership
of mines with power generation activities.
Indonesia Adaro Mine Development Project
-
Reserves
Approx. 3.5 Billion Tons
-
Procured Amount
3 Million Tons
-
Location
Near Kalimantan, Indonesia
-
Participating Companies
Adaro Energy/KOEN
-
Total Investments
KRW65 Billion
-
Project Period
2009-2023 (14 Years)
-
Calories
4,920kcal, NAR
Indonesia Bayan Mine Development Project
-
Reserves
Approx. 1 Billion Tons
-
Procured Amount
Under Negotiation
-
Location
Near Kalimantan, Indonesia
-
Participating Companies
Bayan Resources, 5 Korean power producers
-
Total Investments
KRW80.6 Billion
-
Project Period
2016-2038 (22 Years)
-
Calories
4,250kcal, GAR
Australia Moolarben Mine Development Project
-
Reserves
Approx. 600 Million Tons
-
Procured Amount
625,000 Tons
-
Location
New South Wales, Australia
-
Participating Companies
Yancoal/Sojitz/Korea Consortium
-
Total Investments
KRW21.7 Billion
-
Project Period
2008-2032 (24 Years)
-
Calories
6,000kcal, NAR
Australia Bylong Mine Development Project
-
Reserves
870 Million Tons
-
Procured Amount
In Development
-
Location
New South Wales, Australia
-
Participating Companies
KEPCO, 5 Korean power producers
-
Total Investments
KRW6.1 Billion
-
Project Period
2016-2060 (44 Years)
-
Calories
5,925kcal, GAR
