map
home > NEWS&EVENT
2020.04.23
Views :
33
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.


Source Text


Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.



sw21@yna.co.kr

Source: Yonhap News (Apr. 10 , 2020)


** This article was translated from Korean.
INVEST KOREA

13, Heolleung-ro, Seocho-gu, Seoul, Republic of Korea (06792) | E-mail ikonline@kotra.or.kr

Korea Trade-Investment Promotion Agency | Copyright 2006. Invest KOREA. All rights reserved.