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Korea Southern Power Corporation Ltd. Awarded EEI’s 2014 International Edison Award
​LAS VEGAS (June 9, 2014) — Korea Southern Power Corporation Ltd. (KOSPO) today received the Edison Electric Institute’s (EEI’s) 2014 International Edison Award, the electric power industry’s most prestigious honor, for the company’s development of cutting-edge, clean coal power generation technology at its Samcheok Green Power Plant in Samcheok, South Korea, and for construction of the world’s largest and first dry process greenhouse gas capture facility at its Hadong Plant near Pusan, South Korea.

“Korea Southern Power Corporation Ltd. is receiving the International Edison Award for its distinguished leadership and innovative engineering and construction of state-of-the art power plants that utilize ground-breaking technologies to reduce emissions and produce affordable electricity to meet South Korea’s energy needs,” said EEI President Tom Kuhn. A panel of former electric company chief executives selected Korea Southern Power Corporation Ltd. for the 87th annual award from a group of distinguished finalists.

In the past year, KOSPO made a number of improvements to advance efficiency and reliability and to fulfill its social responsibility. Most notably, the company is using innovative circulating fluidized bed (CFB) combustion technology at its Samcheok Green Power Plant to significantly reduce emissions. Samcheok is a 2,000-megawatt, ultra-supercritical sliding pressure plant that will operate two CFB boilers on a single turbine, which is the first of its kind in the world. The plant will provide KOSPO with significant fuel procurement flexibility and long-term cost savings. In addition to using clean coal technology, Samcheok will also co-fire five percent biomass and use renewable sources on site, including solar panels on its rooftops and wind turbines on the seawall. The Samcheok Green Power Plant is currently under construction and is targeted to be completed in 2015.

Additionally, KOSPO internationally patented carbon capture and reuse (CCR) technology, which overcomes storage and economic limitations by reutilizing the captured carbon dioxide (CO2). KOSPO constructed the world’s largest and first dry process 10-megawatt CO2 capture facility at the Hadong Thermal Power Plant No. 8. To construct the plant, KOSPO invested approximately $50 million, and collaborated with Korea Electric Power Corporation and the Korean government on research and development. The plant captures 56,100 tons of CO2 per year. KOSPO’s CCR research center established a way to reuse the CO2 in the cultivation of crops, which Korean farmers have linked to a 10-percent increase in their production.

“KOSPO’s dedication, cutting-edge research and clean-energy investments truly demonstrate the electric power industry’s commitment to providing reliable, affordable and increasingly clean electricity to customers,” said Kuhn. “The innovative and devoted team at KOSPO is rightfully deserving of the 2014 International Edison Award.”
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