GS E&R Signs MOU with Korea Southern Power for District Energy Modernization Project
Cooperation to Replace Aging Coal-Fired Plants in Industrial Complexes with LNG Combined Heat and Power Facilities
Hwang Byungso, CEO of GS E&R (right in the photo), and Kim Jundong, President of Korea South-East Power, are taking a commemorative photo after signing a business agreement on the 8th for "joint cooperation on new power generation development projects." GS E&R
View original image.On September 8, GS E&R announced that it had signed a memorandum of understanding (MOU) for joint development of an industrial energy modernization project with Korea Southern Power at their headquarters, attended by Hwang Byungso, CEO of GS E&R, Kim Jundong, President of Korea Southern Power, and officials from both companies.
Under the agreement, the two companies plan to jointly carry out a modernization project to replace aging coal-fired combined heat and power plants with liquefied natural gas (LNG) combined heat and power facilities. GS E&R expressed its expectation that “by reducing carbon emissions resulting from energy use by companies in industrial complexes, this will help strengthen export competitiveness within these industrial parks.”
GS E&R is an industrial complex district energy provider that supplies process heat energy to national industrial complexes in Banwol, Gumi, Pocheon, and other locations. The company plans to work with Korea Southern Power on ▲establishing LNG conversion and modernization business plans, ▲conducting technological reviews for supplying environmentally friendly heat and electricity, and ▲undertaking business feasibility studies and responding to regulatory processes.
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Hwang Byungso, CEO of GS E&R, stated, “As a heat supply operator for industrial complexes, we will do our best to ensure that this collaboration leads to greater industrial competitiveness for tenant companies,” adding, “We are committed to establishing a stable and eco-friendly energy supply foundation so that the regional economy can achieve sustainable growth.”
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