Go contents Go main menu Go left menu

Go Main Menu Go Contents




Goals and Tasks of Overseas Projects

  • Slogan
    Lead the effort for carbon neutrality! Take a leap forward as a world-class energy platform company!
  • Strategic Direction
    Energy Transition and Carbon Reduction
    Increasing Profitability and Competitiveness in Bidding
    Establishing a Global Organization, Manpower and System
    1. ① Exit coal projects and enter into the zero-carbon power market
    2. ② Expand renewable power generation projects
    3. ③ Enter the grid investment business
    4. ④ Engage in more new projects and reduce carbon emissions
    1. ① Diversity business methods and markets
    2. ② Narrow the focus on target markets
    3. ③ Enhance the capabillity to win orders
    4. ④ Increase the profitability of businesses operated
    1. ① Restructure the organization and secure projects
    2. ② Foster global solidarity and cooperation
    3. ③ Boost ESG management for overseas projects

Cessation of Overseas Coal-Fired Power Generation Projects

KEPCO decided to phase out from projects to build coal-fired power plants in October 2020 in line with the government's net-zero policy and the global coal-exit movement. We aim to selectively carry out and strategically exit profit-oriented businesses, such as coal-fired power generation, and expand businesses that are suitable for the transition to carbon neutrality, such as LNG CCPP projects, in response to the difficulty regarding the suspension of developing coal-fired power plants. In the long run, we will transition to an eco-friendly overseas project portfolio by focusing on developing renewable power generation projects the have potential for growth(e.g., solar power and wind power). As a result, all overseas coal-fired power generation projects of KEPCO will be ceased after 2050.

Asset Rationalization for Coal-Fired Power Generation Projects

  • Step 1

      Coal exit and cessation of new gas-fired CCPP projects by 2030

    • - Make the coal-fired power plants in operation or construction available for sale and complete the sales before the target date.
    • - Apply new technology (e.g., ammonia-hydrogn blends, CCUS, etc.) in case of a delay in sales.
    • - Cease the development of conventional power plants, such as gas CCPP, after 2030, considering the business period.
  • Step 2

      Replacement of fossil fuel to 100% green energy by 2050

    • - Cease the operation of fossil fuel power plants (coal,LNG,etc.)and pursue zero-carbon green power generation.

    Capacity of Coal-Fired Power

  • Now
    4,370MW coal-fired power
    ▼ 100%
  • 2030
    OMW coal-fired power

    GHG Emissions

  • 2030
    9.2 Million ton/year
  • 2035
    8.1 Million ton/year