Korea Hydro & Nuclear Power
 | This article may require copy editing for grammar, style, cohesion, tone, or spelling. (June 2021) |
| Industry | |
|---|---|
| Founded | 2001 |
| Founder | Korea Electric Power Corporation |
| Headquarters | , |
Key people | Chung Jaehoon (CEO) |
| Products | Electricity |
| Revenue | ₩10.4 trillion |
| ₩0.6 trillion | |
| Total assets | ₩62 trillion |
| Total equity | ₩26 trillion |
Number of employees | 12,551 (2020) |
| Parent | Korea Electric Power Corporation |
| Website | www |
Korea Hydro & Nuclear Power (Korean: 한국수력원자력, KHNP) 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% of the country's electric power supply.
As of December 2020, KHNP is operating 24 nuclear power plants, 37 hydro power/small hydro power plants, 16 pumped-storage power plants, and 32 renewable power plants. The total facility capacity is 28,607MW with the total generation capacity of 164,613GWh.
History
It was formally established in 2001 as part of a general restructuring at KEPCO,[1] although KEPCO had opened its first nuclear plant at Kori in Busan in 1977. The first commercial operation of Kori nuclear #1 was held in 1978.
Timeline
- (Before separation from KEPCO)
- 1978 Started commercial operation of Kori 1
- 1983 Started commercial operation of Wolsong 1 and Kori 2
- 1985 Started commercial operation of Kori 3
- 1986 Started commercial operation of Kori 4 and Hanbit 1
- 1987 Started commercial operation of Hanbit 2
- 1988 Started commercial operation of Hanul 1
- 1989 Started commercial operation of Hanul 2
- 1995 Started commercial operation of Hanbit 3
- 1996 Started commercial operation of Hanbit 4
- 1997 Started commercial operation of Wolsong 2
- 1998 Started commercial operation of Wolsong 3(Korea’s first standard nuclear power plant Hanul 3 started commercial operation),
- 1999 Started commercial operation of Hanul 4 and Wolsong 4
- 2001 Launched Korea Hydro & Nuclear Power Co., Ltd.
- (Separation from KEPCO)
- 2002 Started commercial operation of Hanbit 5 & 6, Developed next-generation reactor(APR1400)
- 2005 Completed Hanul 5&6, Completed new and renewable energy power plants(Kori Wind Power Plant and Yeonggwang Solar Park)
- 2007 Obtained approval for continued operation of Kori 1
- 2010 Installed Shin-Kori 3 reactor (first APR1400 application)
- 2011 Started commercial operation of Shin-Kori 1 reactor(first OPR1000 application)
- 2012 Started commercial operation of Shin-Kori 2 and Shin-Wolsong 1
- 2013 Obtained license for safety analysis with Korean technology for the first time in heavy water reactor
- 2014 Obtained approval for Korean APR+ nuclear power plant stand design
- 2015 Obtained approval for continued operation of Wolsong 1, Started commercial operation of Shin-Wolsong 2
- 2016 Relocated head office to Gyeongju, Started commercial operation of Shin-Kori 3 (first APR1400 application)
- 2017 Completed Noeul Fuel Cell Power Plant / Permanently suspended operation of Kori 1, Korea’s first NPP / Completed Kori Photovoltaic Power Plant
- 2018 Completed Chameliya Hydro Power Plant in Nepal
- 2019 Completed Photovoltaic Power Plant at Samnangjin Pumped-storage Power Plant / Started commercial operation of Shin-kori 4
Operations
The company also operates internationally, with offices in New York, Washington, Paris, Tokyo and Praha. The current CEO is CHUNG Jaehoon (Korean: 정재훈).[2] As of 2020[update], it had about 12,551 employees and revenue of ₩10.4 trillion[3] (approximately US$9 billion). The current international credit ratings are Aa2 stable/AA stable/AA- stable (Moody's/S&P/Fitch),[4] which is one of the top ones in the global utility industry.
Power plants
- Nuclear sites:[5]
- Kori site, in Jangan-eup, Gijang-gun, Busan.
- Hanul site (formerly Ulchin), in Buk-myeon, Uljin-gun, Gyeongsangbuk-do.
- Wolseong site, Yangnam-myeon, Gyeongju, Gyeongsangbuk-do.
- Hanbit site (formerly Yonggwang), in Hongnong-eup, Yeonggwang County, Jeollanam-do.
- Hydroelectric sites:[5]
- Hwacheon Dam, Gandong-myeon, Hwacheon County, Gangwon-do
- Paldang site, Joan-myeon, Namyangju, Gyeonggi-do
- Cheongpyong site, Oeseo-myeon, Gapyeong County, Gyeonggi-do
- Uiam Dam, Sindong-myeon, Chuncheon, Gangwon-do
- Chuncheon site, Sinbuk-eup, Chuncheon, Gangwon-do
- Boseonggang site, Deungnyang-myeon, Boseong County, Jeollanam-do
- Seomjingang site, Chilbo-myeon, Jeongeup, Jeollabuk-do
- Goesan site, Chilseong-myeon, Goesan County, Chungcheongbuk-do
- Gangneung site, Seongsan-myeon, Gangneung, Gangwon-do
- New & Renewable sites [6]
- Hanbit Solar Park 1,2(3MW), Inside the Hanbit site
- Kori Wind Power(0.75MW), Inside the Kori site
- Hanbit Solar Park 3(11MW), Inside the Hanbit site
- Yecheon Solar Power Plant(2MW), Inside the Yecheon pumped storage power plant
- Kori Solar Power Plant(5MW), Inside the Kori site
- KHNP's Farming Solar Power Plant(73kW), In the idle land of Cheongpyeong Hydro Power Station
- Gyeonggi Fuel Cell Power Plant(58.8MW), Gveonggi-do,Hwaseong-si
- Noeul Fuel Cell Power Plant(20MW), in WorldCup Park, Sangam-dong, Mapo-gu, Seoul
- Busan Fuel Cell Power Plant(30.8MW), In a group cogeneration complex, Haeundae-gu, Busan
UAE’s Barakah Project
On December 27 2009, the Prime Contract was entered into between Emirates Nuclear Energy Corporation (ENEC) and KEPCO to build four 1400MWe Korean (APR1400) nuclear power plant units in Barakah, UAE. Since then, KEPCO has successfully carried out this project in partnership with KHNP, KEPCO E&C, KEPCO NF, Hyundai E&C, Samsung C&T and more. Under the Joint Project Management Agreement with KEPCO, KHNP has provided its highly experienced manpower and technical support for construction management. In addition, KHNP has performed commissioning, training service, construction/operation management system development and licensing support as per the Operating Support Services (OSS) concluded with KEPCO. [7]
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. [8]
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 [9]
Reforming as a total energy enterprise
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. [10]
Developing New Markets
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 establishing a foundation for market entry by applying for stadard 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. [11] [12]
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. [13]
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. [14]
Korean reactor design certified for use in USA
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. [15]
See also
- Economy of South Korea and Energy in South Korea
- Environment of South Korea
- Lists of public utilities
- List of Korea-related topics
- Gyeongju Korea Hydro & Nuclear Power FC
- Nuclear power in South Korea
Notes
- ^ "History". KHNP English-language site. Archived from the original on 2019-10-11. Retrieved November 19, 2014.
- ^ "History of Executives". KHNP English-language site. Archived from the original on 2016-02-14. Retrieved November 19, 2014.
- ^ "Financial Statements". KHNP English-language site. Archived from the original on 2014-10-20. Retrieved November 19, 2014.
- ^ "Global Credit Ratings". KHNP English-language site. Archived from the original on 2019-10-21. Retrieved October 11, 2019.
- ^ a b "KHNP is: Overview". KHNP English-language site. Archived from the original on 2014-10-19. Retrieved November 19, 2014.
- ^ https://www.khnp.co.kr/eng/content/565/main.do?mnCd=EN04010202
- ^ KHNP Eng Website
- ^ (Expatnetwork) ENEC signs support services deal with Korea firm
- ^ (PURSE) Korea wins smaller-than-expected maintenance deal for UAE nuclear plant (June 24, 2019)
- ^ (Newsworld) KHNP Spearheads New and Renewable Energy Initiatives (Apr 23, 2020)
- ^ (Business Korea) KHNP CEO Visits Czech Republic to Win a Nuclear Power Plant Order (Sep 7, 2020 )
- ^ (Business Korea) KHNP Aiming for New Nuclear Power Plant Contracts Overseas (July 15, 2020)
- ^ (Business Korea) KHNP to Enter U.S. Renewable Energy Market (Sep 2, 2020)
- ^ (Business Korea) KHNP to Enter South American Solar Power Market (Sep 28, 2020)
- ^ (WNN) Korean reactor design certified for use in USA (Aug 27, 2019)