KHNP, Korea Rural Community Corp. and Korea Water Resources Corp. to Cooperate on 'Saemangeum Tidal Power' Development
Expected to generate clean energy using the existing seawall and improve water quality
Feasibility review and sharing materials for technical and commercial analyses, among other matters
Korea Hydro & Nuclear Power (KHNP) will jointly pursue the development of the Saemangeum tidal power project with the Korea Rural Community Corporation and the Korea Water Resources Corporation.
KHNP said on the 30th that it had signed an agreement on the joint development of the Saemangeum tidal power project with the two corporations at the KHNP Radiation Health Institute.
Korea Hydro & Nuclear Power (KHNP) poses for a commemorative photo after signing an MOU with the Korea Rural Community Corporation and Korea Water Resources Corporation on the joint development of Saemangeum tidal power on the 30th. KHNP
View original imageA KHNP official said, "The Saemangeum tidal power project is expected to generate clean energy by using the existing seawall and contribute to improving water quality by expanding seawater circulation. Under this agreement, the three organizations will actively cooperate on matters needed to advance the project, including reviewing its feasibility and sharing materials for technical and commercial analyses."
The organizations also agreed to establish and operate a working-level committee to ensure the smooth progress of the project and systematic coordination. A basic planning study is currently examining the technical and economic feasibility of the Saemangeum tidal power project. Based on the study's findings, the three organizations, including KHNP, plan to develop specific measures for moving the project forward.
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Kim Siyoung, head of KHNP's Hydropower Department, said, "This agreement has established a foundation for cooperation on the joint development of the Saemangeum tidal power project. The three organizations will work closely together to address various challenges as the project progresses and increase its chances of becoming a reality."
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