Seoul, Korea — (METERING.COM) — May 23, 2013
Korea Electric Power Corporation (KEPCO) and Alstom Grid have established a joint venture, KEPCO Alstom Power Electronics Systems (KAPES), with a focus on delivering high voltage direct current (HVDC) projects in Korea.
The partnership aims at increasing Korean transmission grid capabilities based on Alstom technology. The joint venture is implemented with a shareholding of 49% for Alstom and 51% for KEPCO.
The two companies have been working together since 1997 on two important HVDC reference projects in Korea. Alstom provided the original 300 MW HVDC bipole link for the point-to-point submarine interconnection linking South Korea’s Jeju Island across 101 km with the mainland in the late 1990s. In 2009, Alstom was awarded a second contract to supply the new converter stations for the 400 MW HVDC bipole scheme.