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{{Short description|Energy company in South Korea}}
{{Infobox company
{{Infobox company
| name = Korea Hydro & Nuclear Power
| name = Korea Hydro & Nuclear Power Co., Ltd.
| image_caption = Headquarters in [[Gyeongju]]
| native_name = 한국수력원자력(주)
| native_name = 한국수력원자력 주식회사
| native_name_lang = ko
| native_name_lang = ko
| logo =
| logo = File:KHNP Logo.svg
| logo_size =
| logo_size =
| caption =
| caption =
| image = Gyeongju City Korea Hydro & Nuclear Power Headquarters.jpg
| type =
| type =
| traded_as =
| traded_as =
Line 11: Line 14:
| predecessor =
| predecessor =
| successor =
| successor =
| foundation = {{Start date|2001}}
| foundation = {{Start date and age|2001}}
| founder = [[Korea Electric Power Corporation]]
| founder = [[Korea Electric Power Corporation]]
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
Line 18: Line 21:
| locations =
| locations =
| area_served =
| area_served =
| key_people = Chung Jaehoon (CEO)
| key_people = Whang Joo-ho (President and CEO)
| industry = {{ubl|[[Electricity generation]]|[[Nuclear power]]|[[Hydroelectricity]]}}
| industry = {{ubl|[[Electricity generation]]|[[Nuclear power]]|[[Hydroelectricity]]}}
| products = Electricity
| products = Electricity
Line 28: Line 31:
| owner =
| owner =
| num_employees = 12,551 (2020)
| num_employees = 12,551 (2020)
| parent = [[Korea Electric Power Corporation]]
| parent = [[Korea Electric Power Corporation|KEPCO]]
| divisions =
| divisions =
| subsid =
| subsid =
| homepage = {{URL|www.khnp.co.kr/eng}}
| homepage = {{URL|www.khnp.co.kr/eng/index.do|www.khnp.co.kr}}
| footnotes =
| footnotes =
}}
}}
'''Korea Hydro & Nuclear Power''' ('''KHNP'''; {{cjkv|k=한국수력원자력}}) is a subsidiary of the [[Korea Electric Power Corporation]] (KEPCO). It operates large [[nuclear power|nuclear]] and [[hydroelectricity|hydroelectric]] plants in [[South Korea]], which are responsible for about 27 percent of the country's electric power.
'''Korea Hydro & Nuclear Power''' ('''KHNP'''; {{cjkv|k=한국수력원자력}}) is a subsidiary of the [[Korea Electric Power Corporation]] (KEPCO). It operates large [[nuclear power|nuclear]] and [[hydroelectricity|hydroelectric]] plants in South Korea, which are responsible for about 27 percent of the country's electric power.


In December 2020, KHNP operated 24 nuclear power plants, 37 hydroelectric plants, 16 pumped-storage power plants, and 32 renewable power plants. Its total facility capacity was 28,607[[Watt#Megawatt|MW]], with a total generation capacity of 164,613[[Kilowatt-hour#Watt-hour multiples|GWh]].
In December 2020, KHNP operated 24 nuclear power plants, 37 hydroelectric plants, 16 pumped-storage power plants, and 32 renewable power plants. Its total facility capacity was 28,607 [[Watt#Megawatt|MW]], with a total generation capacity of 164,613 [[Kilowatt-hour#Watt-hour multiples|GWh]].


==History==
==History==
Line 58: Line 61:


After separation from KEPCO:
After separation from KEPCO:
*2002: Commercial operation of Hanbit 5 and 6; APR1400 reactor was developed.
*2002: Commercial operation of Hanbit 5 and 6; [[APR-1400]] reactor was developed.
*2005: Completion of Hanul 5 and 6 and the renewable-energy Kori Wind Power Plant and Yeonggwang Solar Park
*2005: Completion of Hanul 5 and 6 and the renewable-energy Kori Wind Power Plant and Yeonggwang Solar Park
*2007: Continued operation of Kori 1 approved.
*2007: Continued operation of Kori 1 approved.
*2010: Shin-Kori 3 reactor (first APR1400 application) installed.
*2010: Shin-Kori 3 reactor (first APR-1400 application) installed.
*2011: Commercial operation of Shin-Kori 1 reactor (first OPR1000 application) began.
*2011: Commercial operation of Shin-Kori 1 reactor (first OPR1000 application) began.
*2012: Commercial operation of Shin-Kori 2 and Shin-Wolsong 1 began.
*2012: Commercial operation of Shin-Kori 2 and Shin-Wolsong 1 began.
Line 67: Line 70:
*2014: Korean APR+ nuclear power plant stand design approved.
*2014: Korean APR+ nuclear power plant stand design approved.
*2015: Continued operation of Wolsong 1 approved; commercial operation of Shin-Wolsong 2 began.
*2015: Continued operation of Wolsong 1 approved; commercial operation of Shin-Wolsong 2 began.
*2016: Head office moved to Gyeongju; commercial operation of Shin-Kori 3 (first APR1400 application) began.
*2016: Head office moved to Gyeongju; commercial operation of Shin-Kori 3 (first APR-1400 application) began.
*2017: Completed Noeul Fuel Cell and Kori Photovoltaic Power Plant; retired Kori 1.
*2017: Completed Noeul Fuel Cell and Kori Photovoltaic Power Plant; retired Kori 1.
*2018: [[Chameliya Khola Hydropower Station]] in Nepal completed.
*2018: [[Chameliya Khola Hydropower Station]] in Nepal completed.
Line 73: Line 76:


==Operations==
==Operations==
The company operates internationally, with offices in New York, Washington, Paris, Tokyo and Prague. The current CEO is Chung Jaehoon ({{cjkv|k=정재훈}}).<ref>{{cite web |url=http://www.khnp.co.kr/eng/content/477/main.do?mnCd=EN0103 |title=History of Executives |work=KHNP English-language site |accessdate=November 19, 2014 |url-status=dead |archiveurl=https://web.archive.org/web/20160214014422/http://www.khnp.co.kr/eng/content/477/main.do?mnCd=EN0103 |archivedate=2016-02-14 }}</ref> In 2020, the company had 12,551 employees and revenue of {{KRW|10.4|link=yes}}&nbsp;trillion<ref>{{cite web |url=http://cms.khnp.co.kr/eng/financial-statements/ |title=Financial Statements |work=KHNP English-language site |accessdate=November 19, 2014 |url-status=dead |archiveurl=https://web.archive.org/web/20141020050328/http://cms.khnp.co.kr/eng/financial-statements/ |archivedate=2014-10-20 }}</ref> (about {{US$|{{To USD | 10393 | KOR | round = yes }}}}&nbsp;billion). Its international credit ratings are Aa2 stable/AA stable/AA- stable (Moody's/S&P/Fitch).<ref>{{cite web |url=http://cms.khnp.co.kr/eng/content/484/main.do?mnCd=EN01040301/ |title=Global Credit Ratings |work=KHNP English-language site |accessdate=October 11, 2019 |url-status=dead |archiveurl=http://cms.khnp.co.kr/eng/content/484/main.do?mnCd=EN01040301 |archivedate=2019-10-21 }}</ref>
The company operates internationally, with offices in New York, Washington, Paris, Tokyo and Prague. The current CEO is Chung Jaehoon ({{cjkv|k=정재훈}}).<ref>{{cite web |url=http://www.khnp.co.kr/eng/content/477/main.do?mnCd=EN0103 |title=History of Executives |work=KHNP English-language site |accessdate=November 19, 2014 |url-status=dead |archiveurl=https://web.archive.org/web/20160214014422/http://www.khnp.co.kr/eng/content/477/main.do?mnCd=EN0103 |archivedate=2016-02-14 }}</ref> In 2020, the company had 12,551 employees and revenue of {{KRW|10.4|link=yes}}&nbsp;trillion<ref>{{cite web |url=http://cms.khnp.co.kr/eng/financial-statements/ |title=Financial Statements |work=KHNP English-language site |accessdate=November 19, 2014 |url-status=dead |archiveurl=https://web.archive.org/web/20141020050328/http://cms.khnp.co.kr/eng/financial-statements/ |archivedate=2014-10-20 }}</ref> (about {{US$|{{To USD | 10393 | KOR | round = yes }}}}&nbsp;billion). Its international credit ratings are Aa2 stable/AA stable/AA- stable (Moody's/S&P/Fitch).<ref>{{cite web |url=http://cms.khnp.co.kr/eng/content/484/main.do?mnCd=EN01040301/ |title=Global Credit Ratings |work=KHNP English-language site |accessdate=October 11, 2019 |url-status=dead |archiveurl=http://cms.khnp.co.kr/eng/content/484/main.do?mnCd=EN01040301 |archivedate=2019-10-21 }}</ref> The chief executive officer is Whang Joo-ho, who began his three-year term in 2022.<ref>{{cite web |url=https://www.koreatimes.co.kr/www/tech/2022/11/129_334888.html |title=New KHNP CEO vows extensive support for nuclear systems export |last=Lee Kyung-min |date=23 August 2022 |website=[[The Korea Times]] |publisher=Dongwha Enterprise |access-date=17 June 2023}}</ref><ref>{{cite web |url=https://www.iaea.org/newscenter/news/iaea-chief-in-korea-nuclear-energy-safety-and-safeguards |title=IAEA Chief in Korea: Nuclear Energy, Safety and Safeguards |last=Michael Amdi Madsen |date=16 December 2022 |website=International Atomic Energy Agency |access-date=17 June 2023}}</ref>


==Power plants==
==Power plants==
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*Gangneung site, [[Seongsan-myeon]], [[Gangneung]], Gangwon-do
*Gangneung site, [[Seongsan-myeon]], [[Gangneung]], Gangwon-do


Renewable-energy sites:<ref>https://www.khnp.co.kr/eng/content/565/main.do?mnCd=EN04010202</ref>
Renewable-energy sites:<ref>{{cite web |url=https://www.khnp.co.kr/eng/content/565/main.do?mnCd=EN04010202 |archive-url=https://web.archive.org/web/20210420000536/https://www.khnp.co.kr/eng/content/565/main.do?mnCd=EN04010202 |archive-date=2021-04-20 |url-status=dead |website=Korea Hydro & Nuclear Power |title=Status of Generation Facilities }}</ref>
*Hanbit Solar Park 1, 2(3MW), at the Hanbit site
*Hanbit Solar Park 1, 2 (3 MW), at the Hanbit site
*Kori Wind Power (0.75MW), at the Kori site
*Kori Wind Power (0.75 MW), at the Kori site
*Hanbit Solar Park 3 (11MW), at the Hanbit site
*Hanbit Solar Park 3 (11 MW), at the Hanbit site
*Yecheon Solar Power Plant (2MW), in the Yecheon pumped-storage power plant
*Yecheon Solar Power Plant (2 MW), in the Yecheon pumped-storage power plant
*Kori Solar Power Plant (5MW), at the Kori site
*Kori Solar Power Plant (5 MW), at the Kori site
*KHNP's Farming Solar Power Plant (73kW), at the Cheongpyeong Hydropower Station
*KHNP's Farming Solar Power Plant (73&nbsp;kW), at the Cheongpyeong Hydropower Station
*Gyeonggi Fuel Cell Power Plant (58.8MW), Gveonggi-do, Hwaseong-si
*Gyeonggi Fuel Cell Power Plant (58.8 MW), Gveonggi-do, Hwaseong-si
*Noeul Fuel Cell Power Plant (20MW), in World Cup Park, Sangam-dong, Mapo-gu, Seoul
*Noeul Fuel Cell Power Plant (20 MW), in World Cup Park, Sangam-dong, Mapo-gu, Seoul
*Busan Fuel Cell Power Plant (30.8MW), in a group cogeneration complex in Haeundae-gu, Busan
*Busan Fuel Cell Power Plant (30.8 MW), in a group cogeneration complex in Haeundae-gu, Busan


=={{anchor|UAE’s Barakah Project}}Barakah nuclear power plant==
=={{anchor|UAE’s Barakah Project}}Barakah nuclear power plant==
{{see also|Barakah nuclear power plant}}
{{see also|Barakah nuclear power plant}}
On December 27, 2009, Emirates Nuclear Energy Corporation (ENEC) and KEPCO agreed to build four 1400[[Watt#Conventions in the electric power industry|MWe]] Korean ([[APR-1400|APR1400]]) nuclear power plants in Barakah, [[United Arab Emirates]]. KEPCO carried out the project in partnership with KHNP, [[KEPCO E&C]], [[KEPCO Nuclear Fuel|KEPCO NF]], Hyundai E&C, and Samsung C&T. In accordance with its joint project management agreement with KEPCO, KHNP provided manpower and technical support for construction management, in addition to training and licensing support.<ref>[https://www.khnp.co.kr/eng/content/846/main.do?mnCd=EN03060201 KHNP Eng Website]</ref>
On December 27, 2009, [[Emirates Nuclear Energy Corporation]] (ENEC) and KEPCO agreed to build four 1400 [[Watt#Conventions in the electric power industry|MWe]] Korean ([[APR-1400]]) nuclear power units in Barakah, [[United Arab Emirates]]. KEPCO carried out the project in partnership with KHNP, [[KEPCO E&C]], [[KEPCO Nuclear Fuel|KEPCO NF]], Hyundai E&C, and Samsung C&T. In accordance with its joint project management agreement with KEPCO, KHNP provided manpower and technical support for construction management, in addition to training and licensing support.<ref>[https://www.khnp.co.kr/eng/content/846/main.do?mnCd=EN03060201 KHNP Eng Website]</ref>


Operating Support Services Agreement (OSSA), KHNP dispatches skilled nuclear power plant operating personnel and provides services to be requested by Customer (ENEC/Nawah) under the OSSA(Operating Support Services Agreement), which was concluded on July 20 2016. KHNP will continue to assign an average of 200 operators and engineers to the BNPP every year and provide services, if requested, until 10 years after the completion of BNPP Unit 4.
KHNP sent skilled nuclear-power-plant operating personnel and provided services requested by ENEC under an operating support services agreement until the agreement ended on July 20, 2016. KHNP will continue to assign an average of 200 operators and engineers to the BNPP annually and provide requested services for 10 years after the completion of BNPP Unit 4.<ref>[https://www.expatnetwork.com/enec-signs-support-services-deal-korea-firm/ (Expatnetwork) ENEC signs support services deal with Korea firm]</ref> A consortium of KHNP and Korea Electric Power Corporation Plant Service & Engineering Co. (KEPCO KPS) signed a five-year maintenance contract for the BNPP in June 2019.<ref>[https://pulsenews.co.kr/view.php?year=2019&no=450764 (PURSE) Korea wins smaller-than-expected maintenance deal for UAE nuclear plant (June 24, 2019)]</ref>
<ref>[https://www.expatnetwork.com/enec-signs-support-services-deal-korea-firm/ (Expatnetwork) ENEC signs support services deal with Korea firm] </ref>


⚫
=={{anchor|Reforming as a total energy enterprise}}Diversification==
A consortium of Korea Hydro & Nuclear Power Co.(KHNP) and Korea Electric Power Corporation Plant Service & Engineering Co. (KEPCO KPS) has secured a five-year maintenance contract for the Barakah nuclear plant in the United Arab Emirates in June of 2019 <ref>[https://pulsenews.co.kr/view.php?year=2019&no=450764 (PURSE) Korea wins smaller-than-expected maintenance deal for UAE nuclear plant (June 24, 2019)]</ref>
⚫
KHNP plans to expand its new and [[renewable energy]] production capacity to 7.6 GW by 2030. The company is installing the world’s largest floating photovoltaic power-generation facility (300MW) on the [[Saemangeum Seawall]] in [[North Jeolla Province]]. With the city of [[Ulsan]] and [[Hyundai Motor Company]], it installed a 6 MW photovoltaic power-generation facility. In 2019 KHNP completed a 19.2 MW onshore wind-power-generation complex in 2019, powering about 16,000 households at the foot of Noraesan mountain near its pumped-storage plant in Cheonsong, Syeongsangbuk-do Province.<ref>[http://www.newsworld.co.kr/detail.htm?no=6626 (Newsworld) KHNP Spearheads New and Renewable Energy Initiatives (Apr 23, 2020)]</ref>


⚫
==={{anchor|Developing New Markets}}New markets===
⚫
==Reforming as a total energy enterprise==
In Romania, KHNP implementing a technical-service project for a radioactive waste repository. The company also strengthened cooperation with nuclear power plant operators in the Czech Republic, Poland, Kazakhstan, and Bulgaria.<ref>[http://www.businesskorea.co.kr/news/articleView.html?idxno=51371 (Business Korea) KHNP CEO Visits Czech Republic to Win a Nuclear Power Plant Order (Sep 7, 2020 )]</ref><ref>[http://www.businesskorea.co.kr/news/articleView.html?idxno=48984 (Business Korea) KHNP Aiming for New Nuclear Power Plant Contracts Overseas (July 15, 2020)]</ref>
⚫
Korea Hydro & Nuclear Power Co. (KHNP) plans to expand its new and renewable energy production facility capacity to 7.6GW by 2030. The figure will bring to 8.4GW in terms of new and renewable production capacity secured by KHNP that year. KHNP is installing the world’s largest floating photovoltaic power generation facility (300MW)on the water of Saemangeum Seawall in Jeollabuk-do Province. Through collaboration with Ulsan City and Hyundai Motor Company, KHNP installed a photovoltaic power generation facility(6MW) on an idle site, such as the waiting yard for finished vehicles. In 2019 KHNP completed the construction of a large-scale onshore wind power generation complex with a capacity of 19.2MW, which enables power supply to approximately 16,000 households at the foot of Noraesan mountain near its pumped-storage plant in Cheonsong, Syeongsangbuk-do Province.
<ref>[http://www.newsworld.co.kr/detail.htm?no=6626 (Newsworld) KHNP Spearheads New and Renewable Energy Initiatives (Apr 23, 2020)]</ref>


⚫
==={{anchor|Entering oversees New and Renewable Energy Market}}Overseas renewable energy===
⚫
==Developing New Markets==
⚫
KHNP announced in September 2020 that it had joined a consortium with several South Korean financial institutions. The consortium agreed to acquire 49.9 percent of four large [[wind farm]]s in the United States.<ref>[http://www.businesskorea.co.kr/news/articleView.html?idxno=51191 (Business Korea) KHNP to Enter U.S. Renewable Energy Market (Sep 2, 2020)]</ref>
KHNP is continuously promoting new market development by performing NPP business development and order receiving activities with different needs of each country reflected. In Egypt, KHNP entered into an NPP construction management consulting contract and secured a basis for winning an order for the secondary EPC project of the EL-Dabba NPP. In Saudi Arabia, it provides practical education for construction and inspection operations to the regulatory personnel and establishes a foundation for market entry by applying for standard design approval on the Korean small reactor model. In Romania, KHNP demonstrated its supply capacity by implementing a technical service project for a radioactive waste repository. In addition, KHNP secured a foundation for new market development and order receiving by strengthening cooperation with NPP operators around the world such as Czech Republic, Poland, Kazakhstan, and Bulgaria.
<ref>[http://www.businesskorea.co.kr/news/articleView.html?idxno=51371 (Business Korea) KHNP CEO Visits Czech Republic to Win a Nuclear Power Plant Order (Sep 7, 2020 )]</ref>
<ref>[http://www.businesskorea.co.kr/news/articleView.html?idxno=48984 (Business Korea) KHNP Aiming for New Nuclear Power Plant Contracts Overseas (July 15, 2020)] </ref>


⚫
That year, the company joined Korea Overseas Infrastructure & Urban Development Corp (KIND), S Energy, and Hanyang Electric at the [[World Trade Center Seoul]] in a consortium to invest in a solar-power project in Chile. The consortium is promoting a 6.6MW plant in Guadalupe and a 6.4MW plant in [[María Pinto]], both near [[Santiago]], the capital of Chile. KHNP intended to complete construction in 2021 and operate the two plants for 25 years.<ref>[http://www.businesskorea.co.kr/news/articleView.html?idxno=52520 (Business Korea) KHNP to Enter South American Solar Power Market (Sep 28, 2020)]</ref>
⚫
==Entering oversees New and Renewable Energy Market==
KHNP was the first to successfully enter the large-scale wind power generation market in North America by organizing a consortium with domestic financial institutions and taking over 49.9% shares of the four large-scale onshore wind power generation complexes with a total facility capacity of 852MW in the US.
⚫
<ref>[http://www.businesskorea.co.kr/news/articleView.html?idxno=51191 (Business Korea) KHNP to Enter U.S. Renewable Energy Market (Sep 2, 2020)]</ref>


⚫
==={{anchor|Korean reactor design certified for use in USA}}US reactor===
⚫
Korea Hydro & Nuclear Power (KHNP) signed a shareholder agreement with Korea Overseas Infrastructure & Urban Development Corp (KIND), S Energy, and Hanyang Electric at COEX in Seoul 25 for joint investment in a solar power project in Chile. The consortium is promoting a 6.6MW solar power plant in Guadalupe and a 6.4MW plant in Maria Pinto, both near Santiago, the capital of Chile. KHNP aims to start construction within this year for completion in 2021. It will operate the two plants for 25 years starting 2021. This will mark the first time KHNP makes inroads into South America.
⚫
The US [[Nuclear Regulatory Commission]] (NRC) certified KEPCO's [[APR-1400]] in 2019, saying that the NRC found the design fully meeting US safety requirements. According to KEPCO, the APR-1400 was the first "non-US type" reactor design certified by the NRC. In October 2017, European Utility Requirements (an advisory group for European utilities) had approved the APR-1400 reactor design.<ref>[https://www.world-nuclear-news.org/Articles/Korean-reactor-design-certified-for-use-in-USA (WNN) Korean reactor design certified for use in USA (Aug 27, 2019)]</ref>
<ref>[http://www.businesskorea.co.kr/news/articleView.html?idxno=52520 (Business Korea) KHNP to Enter South American Solar Power Market (Sep 28, 2020)]</ref>


===Winning a tender in the Czech Republic===
⚫
==Korean reactor design certified for use in USA==
On 17 July 2024, KHNP won the tender for the construction of two new units at Dukovany in Czech Republic and will also negotiate an option for the construction of two more units at Temelín. Price for one unit at Dukovany to be about CZK 200 billion.
⚫
The US Nuclear Regulatory Commission (NRC) has certified the Korean-designed Advanced Power Reactor 1400 (APR-1400).The certificate states that the NRC finds the design fully meets US safety requirements.APR-1400 is the first "non-US type" reactor design to be certified by the NRC. n October 2017, European Utility Requirements - a technical advisory group for European utilities on nuclear power plants - approved the APR1400 reactor design.
<ref>[https://www.world-nuclear-news.org/Articles/Korean-reactor-design-certified-for-use-in-USA (WNN) Korean reactor design certified for use in USA (Aug 27, 2019)] </ref>


==See also==
==See also==
Line 137: Line 134:
*[[Environment of South Korea]]
*[[Environment of South Korea]]
*[[List of public utilities]]
*[[List of public utilities]]
*[[Index of Korea-related articles]]
*[[Gyeongju Korea Hydro & Nuclear Power FC]]
*[[Gyeongju Korea Hydro & Nuclear Power FC]]
*[[Nuclear power in South Korea]]
*[[Nuclear power in South Korea]]

Latest revision as of 14:15, 4 September 2024

Korea Hydro & Nuclear Power Co., Ltd.
Native name
한국수력원자력 주식회사
Industry
Founded2001; 23 years ago (2001)
FounderKorea Electric Power Corporation
Headquarters
Gyeongju, North Gyeongsang
,
South Korea
Key people
Whang Joo-ho (President and CEO)
ProductsElectricity
Revenue₩10.4 trillion
₩0.6 trillion
Total assets₩62 trillion
Total equity₩26 trillion
Number of employees
12,551 (2020)
ParentKEPCO
Websitewww.khnp.co.kr

Korea Hydro & Nuclear Power (KHNP; Korean: 한국수력원자력) is a subsidiary of the Korea Electric Power Corporation (KEPCO). It operates large nuclear and hydroelectric plants in South Korea, which are responsible for about 27 percent of the country's electric power.

In December 2020, KHNP operated 24 nuclear power plants, 37 hydroelectric plants, 16 pumped-storage power plants, and 32 renewable power plants. Its total facility capacity was 28,607 MW, with a total generation capacity of 164,613 GWh.

History

[edit]

KHNP was established in 2001 as part of a general restructuring at KEPCO,[1] which opened its first nuclear plant at Kori in Busan in 1977. Commercial operation at Kori nuclear #1 began in 1978.

Timeline

[edit]

Before separation from KEPCO:

  • 1978: Commercial operation of Kori 1 began.
  • 1983: Commercial operation of Wolsong 1 and Kori 2 began.
  • 1985: Commercial operation of Kori 3 began.
  • 1986: Commercial operation of Kori 4 and Hanbit 1 began.
  • 1987: Commercial operation of Hanbit 2 began.
  • 1988: Commercial operation of Hanul 1 began.
  • 1989: Commercial operation of Hanul 2 began.
  • 1995: Commercial operation of Hanbit 3 began.
  • 1996: Commercial operation of Hanbit 4 began.
  • 1997: Commercial operation of Wolsong 2 began.
  • 1998: Commercial operation of Wolsong 3 and Hanul 3 (Korea’s first nuclear power plant) began.
  • 1999: Commercial operation of Hanul 4 and Wolsong 4 began.
  • 2001: KHNP began.

After separation from KEPCO:

  • 2002: Commercial operation of Hanbit 5 and 6; APR-1400 reactor was developed.
  • 2005: Completion of Hanul 5 and 6 and the renewable-energy Kori Wind Power Plant and Yeonggwang Solar Park
  • 2007: Continued operation of Kori 1 approved.
  • 2010: Shin-Kori 3 reactor (first APR-1400 application) installed.
  • 2011: Commercial operation of Shin-Kori 1 reactor (first OPR1000 application) began.
  • 2012: Commercial operation of Shin-Kori 2 and Shin-Wolsong 1 began.
  • 2013: First Korean-technology safety analysis of a heavy water reactor licensed.
  • 2014: Korean APR+ nuclear power plant stand design approved.
  • 2015: Continued operation of Wolsong 1 approved; commercial operation of Shin-Wolsong 2 began.
  • 2016: Head office moved to Gyeongju; commercial operation of Shin-Kori 3 (first APR-1400 application) began.
  • 2017: Completed Noeul Fuel Cell and Kori Photovoltaic Power Plant; retired Kori 1.
  • 2018: Chameliya Khola Hydropower Station in Nepal completed.
  • 2019: Photovoltaic power station at the Samnangjin Pumped-Storage Power Plant completed; commercial operation of Shin-kori 4 began.

Operations

[edit]

The company operates internationally, with offices in New York, Washington, Paris, Tokyo and Prague. The current CEO is Chung Jaehoon (Korean: 정재훈).[2] In 2020, the company had 12,551 employees and revenue of ₩10.4 trillion[3] (about US$9 billion). Its international credit ratings are Aa2 stable/AA stable/AA- stable (Moody's/S&P/Fitch).[4] The chief executive officer is Whang Joo-ho, who began his three-year term in 2022.[5][6]

Power plants

[edit]

Nuclear sites:[7]

Hydroelectric sites:[7]

Renewable-energy sites:[8]

  • Hanbit Solar Park 1, 2 (3 MW), at the Hanbit site
  • Kori Wind Power (0.75 MW), at the Kori site
  • Hanbit Solar Park 3 (11 MW), at the Hanbit site
  • Yecheon Solar Power Plant (2 MW), in the Yecheon pumped-storage power plant
  • Kori Solar Power Plant (5 MW), at the Kori site
  • KHNP's Farming Solar Power Plant (73 kW), at the Cheongpyeong Hydropower Station
  • Gyeonggi Fuel Cell Power Plant (58.8 MW), Gveonggi-do, Hwaseong-si
  • Noeul Fuel Cell Power Plant (20 MW), in World Cup Park, Sangam-dong, Mapo-gu, Seoul
  • Busan Fuel Cell Power Plant (30.8 MW), in a group cogeneration complex in Haeundae-gu, Busan

Barakah nuclear power plant

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See also: Barakah nuclear power plant

On December 27, 2009, Emirates Nuclear Energy Corporation (ENEC) and KEPCO agreed to build four 1400 MWe Korean (APR-1400) nuclear power units in Barakah, United Arab Emirates. KEPCO carried out the project in partnership with KHNP, KEPCO E&C, KEPCO NF, Hyundai E&C, and Samsung C&T. In accordance with its joint project management agreement with KEPCO, KHNP provided manpower and technical support for construction management, in addition to training and licensing support.[9]

KHNP sent skilled nuclear-power-plant operating personnel and provided services requested by ENEC under an operating support services agreement until the agreement ended on July 20, 2016. KHNP will continue to assign an average of 200 operators and engineers to the BNPP annually and provide requested services for 10 years after the completion of BNPP Unit 4.[10] A consortium of KHNP and Korea Electric Power Corporation Plant Service & Engineering Co. (KEPCO KPS) signed a five-year maintenance contract for the BNPP in June 2019.[11]

Diversification

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KHNP plans to expand its new and renewable energy production capacity to 7.6 GW by 2030. The company is installing the world’s largest floating photovoltaic power-generation facility (300MW) on the Saemangeum Seawall in North Jeolla Province. With the city of Ulsan and Hyundai Motor Company, it installed a 6 MW photovoltaic power-generation facility. In 2019 KHNP completed a 19.2 MW onshore wind-power-generation complex in 2019, powering about 16,000 households at the foot of Noraesan mountain near its pumped-storage plant in Cheonsong, Syeongsangbuk-do Province.[12]

New markets

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In Romania, KHNP implementing a technical-service project for a radioactive waste repository. The company also strengthened cooperation with nuclear power plant operators in the Czech Republic, Poland, Kazakhstan, and Bulgaria.[13][14]

Overseas renewable energy

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KHNP announced in September 2020 that it had joined a consortium with several South Korean financial institutions. The consortium agreed to acquire 49.9 percent of four large wind farms in the United States.[15]

That year, the company joined Korea Overseas Infrastructure & Urban Development Corp (KIND), S Energy, and Hanyang Electric at the World Trade Center Seoul in a consortium to invest in a solar-power project in Chile. The consortium is promoting a 6.6MW plant in Guadalupe and a 6.4MW plant in María Pinto, both near Santiago, the capital of Chile. KHNP intended to complete construction in 2021 and operate the two plants for 25 years.[16]

US reactor

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The US Nuclear Regulatory Commission (NRC) certified KEPCO's APR-1400 in 2019, saying that the NRC found the design fully meeting US safety requirements. According to KEPCO, the APR-1400 was the first "non-US type" reactor design certified by the NRC. In October 2017, European Utility Requirements (an advisory group for European utilities) had approved the APR-1400 reactor design.[17]

Winning a tender in the Czech Republic

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On 17 July 2024, KHNP won the tender for the construction of two new units at Dukovany in Czech Republic and will also negotiate an option for the construction of two more units at Temelín. Price for one unit at Dukovany to be about CZK 200 billion.

See also

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Notes

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  1. ^ "History". KHNP English-language site. Archived from the original on 2019-10-11. Retrieved November 19, 2014.
  2. ^ "History of Executives". KHNP English-language site. Archived from the original on 2016-02-14. Retrieved November 19, 2014.
  3. ^ "Financial Statements". KHNP English-language site. Archived from the original on 2014-10-20. Retrieved November 19, 2014.
  4. ^ "Global Credit Ratings". KHNP English-language site. Archived from the original on 2019-10-21. Retrieved October 11, 2019.
  5. ^ Lee Kyung-min (23 August 2022). "New KHNP CEO vows extensive support for nuclear systems export". The Korea Times. Dongwha Enterprise. Retrieved 17 June 2023.
  6. ^ Michael Amdi Madsen (16 December 2022). "IAEA Chief in Korea: Nuclear Energy, Safety and Safeguards". International Atomic Energy Agency. Retrieved 17 June 2023.
  7. ^ a b "KHNP is: Overview". KHNP English-language site. Archived from the original on 2014-10-19. Retrieved November 19, 2014.
  8. ^ "Status of Generation Facilities". Korea Hydro & Nuclear Power. Archived from the original on 2021-04-20.
  9. ^ KHNP Eng Website
  10. ^ (Expatnetwork) ENEC signs support services deal with Korea firm
  11. ^ (PURSE) Korea wins smaller-than-expected maintenance deal for UAE nuclear plant (June 24, 2019)
  12. ^ (Newsworld) KHNP Spearheads New and Renewable Energy Initiatives (Apr 23, 2020)
  13. ^ (Business Korea) KHNP CEO Visits Czech Republic to Win a Nuclear Power Plant Order (Sep 7, 2020 )
  14. ^ (Business Korea) KHNP Aiming for New Nuclear Power Plant Contracts Overseas (July 15, 2020)
  15. ^ (Business Korea) KHNP to Enter U.S. Renewable Energy Market (Sep 2, 2020)
  16. ^ (Business Korea) KHNP to Enter South American Solar Power Market (Sep 28, 2020)
  17. ^ (WNN) Korean reactor design certified for use in USA (Aug 27, 2019)
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