SEOUL, February 03 (AJP) - Korea Midland Power Co. (KOMIPO) has signed a memorandum of understanding with a U.S.-based power plant operations and maintenance (O&M) specialist to cooperate on gas combined-cycle power projects in the United States.
The agreement, signed on Jan. 29 local time, aims to combine KOMIPO’s plant operating experience with the U.S. partner’s workforce management and engineering capabilities, KOMIPO said Tuesday.
The companies plan broad cooperation to enhance competitiveness in bidding for U.S. gas combined-cycle projects while reducing operational risks and improving efficiency.
KOMIPO currently operates three large-scale solar projects in Texas as well as an energy storage system project in California. The company also began construction on the 350-megawatt Lucy solar project on Jan. 27 as part of a consortium of South Korean firms.
The utility said it intends to build on its renewable energy operating experience to expand into gas combined-cycle generation, diversifying its business portfolio in the North American power market.
“This agreement provides a foundation for KOMIPO to enter the U.S. gas combined-cycle market in a stable manner,” the company said in a press release. “Based on mutual trust and operational know-how, we will continue expanding our energy business across North America.”
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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