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Boryeong city to partner with KOMIPO to further develop energy industries

According to Yonhap News,

The city of Boryeong, South Chungcheong Province, and Korea Midland Power Co.,LTD (KOMIPO), a public agency headquartered near the city, struck a deal to push for the shared goal of “joint-development of local energy business’. Main agenda specified on the deal include plans to make an adaptive response at a time when the country starts to cut back on fossil fuels, while shutting down national coal power plants ahead of the schedule and to transform the city into an energy- hub on the west coast of the peninsula by exploring the next generation energy business.

Both parties also pledged to work together for the following tasks agreed upon;
-Set up a mid & long term energy plan, as part of mutual response in preparation for the dropping demand for fossil fuel energy sources
-Form an alliance to develop new energy business of the future, while creating new jobs
-Form a local energy industry cluster that accommodates agglomeration of businesses concerned
-Run an industry- affiliated university sponsorship program
-Devise a specifically designed business strategy coupled with national or local energy master plans
With the advent of renewable energy sources to be sustainable, the city government will find a twin-track approach to national energy initiatives both covering mid- term plans to develop the energy-mix and LNG based future energy business and longer-term goals to make better use of hydrogen power obtained from greener sources, while forming an eco-energy town.

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Source: Yonhap News (Apr. 10 , 2020)

** This article was translated from Korean.

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