KHNP Consortium Selected as Preferred Negotiation Partner for Seonamkwon Offshore Wind Power Project

Consortium of Ten Companies Including Korea East-West Power, KEPCO KPS, Doosan Enerbility, and Hanwha Ocean

Highly Rated for Public Interest, Project Implementation Capabilities, and Local Coexistence Plans

Implementation Agreement to Be Sig

Offshore wind power 800MW bid project site in the southwestern region. Provided by Jeonbuk Province

Korea Hydro & Nuclear Power (KHNP) announced on June 29 that its consortium has been selected as the preferred negotiation partner for the "Jeonbuk Southwest Offshore Wind Expansion Complex 1 (Buan 800MW) Public Business Operator Bid," which is being promoted by Jeonbuk Special Self-Governing Province.

This project involves the priority development of 800MW out of a planned 2.4GW offshore wind farm to be established in the waters off Buan County, Jeonbuk. To ensure public interest, only consortiums with more than a 50% stake held by public institutions were allowed to participate in the bid.

KHNP formed a consortium together with Korea East-West Power, KEPCO Plant Service & Engineering (KEPCO KPS), Korea Electric Power Technology (KEPCO E&C), Hanwha Ocean, Doosan Enerbility, IBK Financial Group, KB Financial Group, SAMIL C&S, and Joongang Offshore & Shipbuilding, among a total of ten companies, to take part in the bidding process.

Kim Hoecheon, President of Korea Hydro & Nuclear Power

Jeonbuk Province evaluated the public interest, project implementation capability, and plans for regional cooperation of the KHNP consortium, and selected it as the preferred negotiation partner based on these comprehensive criteria.

The KHNP consortium plans to sign an implementation agreement with Jeonbuk Province by the end of August and then begin the full-scale implementation of the project.

Hoecheon Kim, President of Korea Hydro & Nuclear Power, stated, "Being selected as the preferred negotiation partner is a meaningful achievement that recognizes KHNP's capabilities in renewable energy development and public interest. We will closely cooperate with Jeonbuk Special Self-Governing Province, the local community, and participating companies to faithfully carry out the government's offshore wind power expansion policy, foster the domestic wind power industry, and promote regional economic revitalization as a model project."

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