Jump to content

Korea Hydro & Nuclear Power

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Miniapolis (talk | contribs) at 20:52, 21 November 2021 (→‎Timeline: Ce, links, fmt). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Korea Hydro & Nuclear Power
Native name
한국수력원자력(주)
Industry
Founded2001 (2001)
FounderKorea Electric Power Corporation
Headquarters
Gyeongju, North Gyeongsang
,
South Korea
Key people
Chung Jaehoon (CEO)
ProductsElectricity
Revenue₩10.4 trillion
₩0.6 trillion
Total assets₩62 trillion
Total equity₩26 trillion
Number of employees
12,551 (2020)
ParentKorea Electric Power Corporation
Websitewww.khnp.co.kr/eng

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 28,607MW, with a total generation capacity of 164,613GWh.

History

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

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; APR1400 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 APR1400 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 APR1400 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

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, 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

UAE’s Barakah Project

On December 27 2009, the Prime Contract 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 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. [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

Notes

  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. ^ a b "KHNP is: Overview". KHNP English-language site. Archived from the original on 2014-10-19. Retrieved November 19, 2014.
  6. ^ https://www.khnp.co.kr/eng/content/565/main.do?mnCd=EN04010202
  7. ^ KHNP Eng Website
  8. ^ (Expatnetwork) ENEC signs support services deal with Korea firm
  9. ^ (PURSE) Korea wins smaller-than-expected maintenance deal for UAE nuclear plant (June 24, 2019)
  10. ^ (Newsworld) KHNP Spearheads New and Renewable Energy Initiatives (Apr 23, 2020)
  11. ^ (Business Korea) KHNP CEO Visits Czech Republic to Win a Nuclear Power Plant Order (Sep 7, 2020 )
  12. ^ (Business Korea) KHNP Aiming for New Nuclear Power Plant Contracts Overseas (July 15, 2020)
  13. ^ (Business Korea) KHNP to Enter U.S. Renewable Energy Market (Sep 2, 2020)
  14. ^ (Business Korea) KHNP to Enter South American Solar Power Market (Sep 28, 2020)
  15. ^ (WNN) Korean reactor design certified for use in USA (Aug 27, 2019)
Retrieved from "https://en.wikipedia.org/w/index.php?title=Korea_Hydro_%26_Nuclear_Power&oldid=1056443134"