KEPCO launches Guam power plant, expands overseas energy portfolio

Korea Electric Power Corp. (KEPCO) commissioned the Ukudu combined cycle power plant in Guam on Thursday (local time), marking a major step in strengthening its overseas energy portfolio. The state-run utility said it held an inauguration ceremony for the new plant, joined by Guam government officials including Gov. Lou Leon Guerrero and representatives from Korean organizations such as Korea East-West Power (EWP) and Doosan Enerbility. Ahead of the ceremenomy, KEPCO CEO Kim Dong-cheol met with the governor and officials from the Guam Power Authority (GPA) to outline Korea’s advanced energy technologies and discuss cooperation. The parties have agreed to share the vision for supporting Guam’s carbon neutrality goals and to expand long-term cooperation across future energy businesses. The Ukudu plant, with a capacity of 198 megawatts, is jointly owned by KEPCO, which holds a 60 percent stake, and EWP, which owns the remaining 40 percent. The facility is capable of supplying around 75 percent of Guam’s peak electricity demand, positioning it as a critical baseload asset in a region wi

Original source: Korea Times