Current Status and Prospect of Korea’s Investment in Uzbekistan

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1 2008 Korea-Uzbekistan Energy Cooperation Electric Power Industry in Korea

2 Contents Background Information Some History of Korea s Electric Power Industry Korea s Electric Power System Transmission Distribution Thermal Power Plants Nuclear Power Plants Power Development Plan Conclusion 2

3 Background Information

4 Rapid Economic Development in 1960s s First & Second 5 Year Economic Development Plan( ) GDP per capita was $87 (1962) Government adopted export-oriented economic growth strategy, starting from labor intensive small scale industries such as wig, shoes and textile etc. Turning point from agricultural society to modern industrialized urban society Export surpassed $1 billion (1971) Third 5 Year Economic Development Plan ( ) 4

5 Economic Development of Korea [Per capita GDP($)] 15,000 16,460 10,000 10,307 5,000 Five year economic Development plan ,742 Financial Crisis * Source: Korea Development Institute 5

6 Overview of Korean Economic Growth s-1980s Foundation of Republic of Korea Korean War 1 million casualties More than 3 billion dollars of economic losses Postwar Reconstruction Foreign aids from 1953 to 1961 totaled $2.3 billion Most of aids from abroad were consumer goods (rice, wheat, fertilizer) and didn t contribute to the accumulation of capital resources Rapid Growth 1990s Globalization 2000 IT-Driven Advanced Economy 6

7 Korea s Economic status (as of 2007) GDP ranking: 13 th by volume ($969 billion) Per capita: $20,045 Main industries: electronics, automobile, semiconductor, mobile phone, shipbuilding, steel, chemicals Machinery, Information technology Trade Volume: $728.6 billion Exports: $371.8 billion Imports: $356.8 billion 7

8 Primary Energy Demand in Korea (Mtoe) Coal 8 (47.06%) 42 (21.65%) 58 (21.97%) 79 (20.90%) Oil 11 (64.71%) 104 (53.61%) 126 (47.73%) 165 (43.65%) Gas - 17 (8.76%) 33 (12.50%) 61 (16.14%) Nuclear - 28 (14.43) 45 (17.05%) 65 (17.20%) Hydro (0.26%) Other renewables - 2 (1.03%) 3 (1.14%) 7 (1.85%) Total Primary energy demand * Reference : IEA, 2002, World Energy Outlook 2002 : Korea Energy Outlook 8

9 Goal and Direction of Korea s Energy Policy Finalization & Energy Security Public Disclosure Stabilizing Finalization the & base for Public energy Disclosure supply Strengthening Finalization & international Energy Public Disclosure cooperation Sustainable Development Market Finalization efficiency & through competition Public Disclosure Environment-friendly Finalization & energy Public Disclosure system Restructuring the energy industry Promoting rational price mechanism Promoting energy conservation and efficiency Developing new and renewable energy technologies 9

10 History Electric Power Industry

11 Pre-KEPCO : The first electric bulb lit the loyal palace, 7 years after Edison s light bulb invention 1898 The first electric power company was established in Korea 1948 North Korea cut off transmission line without prior notice 90% of generation capacity was located in the north South Korea s installed capacity was 198MW Korean War - Most of generation, transmission, distribution facilities were destroyed Political turmoil, Extreme poverty, Power shortage (Standard line vs. Special line) 11

12 Foundation & Development: Three regional electric companies were merged into a single national electric power company (KECO) with 367MW capacity Unlimited power supply began first 5-year economic development plan ( ) 1968 Generation facilities capacity reached 1,000 MW 1978 The first nuclear power plant was commercialized (587 MW) Generation Mix diversification ( Oil Coal, Nuclear) 1981 T&D loss: 29.4% (1961) 6.7% (1981) Rural electrification was completed: 12% (1960) 99.3% (1981) 12

13 Globalization : 1980s-2000s KEPCO was reborn, as a wholly government owned corporation Summer Olympic Games were held in Seoul The first Olympic event with No power supply failure 1994 Listed on the New York Stock Exchange USD 300 million worth of ADRs were issued The first and second overseas projects were kicked off in the Philippines 2002 Successful commercialization of 765kV system First of its kind in Asian region 2007 International cooperation 13

14 수색 부산 ³ì» ê ³²ºÎ» ê Ù ë ¼ ºÎ» ê ¹üÃ µ ¼ öá µ 창동쌍문상계은평미아돈암노원종암휘경녹번옥인운니안암현저원남신내세종로흥인군자수색신촌아현서대문신당마장화양가양연대서소문왕십리광장상암당인리순화중앙성동화곡양천마포한남뚝도풍납양평중부용산여의선릉구의강동목동의사당문래동빙고보광삼성역곡온수오류영등포신사대치잠실송파구로노들노량진서초반포신양재가락독산신길양지도곡구공사당개포수서대방교대시흥염곡 녹산 구서북부산명장구포미남동래모라덕포범천서부산개금서면양정수정엄궁동부산신평부민부산남부산부산T/P 영도다대 수영 좌동 Transmission Grid Asia s first 765kV Transmission line World s first Double circuit 765kV Transmission line World s first 765kV with full-gis substation The Year of 1965 The Year of 2007 간성 속초 문산 부평 서울 T/P 청평H/P 덕소천안남대전 화천 H/P 상주 대구 영월 T/P 진영 삼계 인제철원양양화천H/P 운천문산전곡상남주문진동두천포천춘천H/P 소양강H/P 덕계춘천금촌녹양송우가평양주도봉의정부금오남춘천서인천강화강릉불광경서구리인천 C/C 청평H/P 의암H/P 강릉H/P 송포진접영동T/P 양곡일산C/C 서인천일산지도마석청평양수신가평계양 T/P 북인천임학능곡한화T/P 덕소팔당H/P 홍천횡계안인미금영종송월신부평신장남인천인천송현신현부천C/C 중동신공항영종C/C 부흥주안부개부천광명횡성평창동해성남연수신인천관교남동원미만수소래평촌과천초월동서울영서북평동춘안양야탑성현동해T/P 북시화안양C/C 신시흥의왕동안양분당분당C/C 서시화반월산본남시화신성남삼척시화안산율전우만수지동수원율현이원목내송포반월C/C 일동서수원용인이천원주남수원동탄사강서서울신용인여주남원주영흥T/P 신갈문막정선발안오산신안성태백평택화성영월T/P 당진T/P 신태백 C/C 평택송탄안성울진평택T/P 감곡 #1,2 대산울진#3,4 한보철강 N/P 송악포승충주H/P 제천성연개폐소원정충주당진서천안태안T/P 인주둔포만승금왕음성신제천단양천안성거신당진탕정신진천봉화영주안면태안서산아산동천안진천풍동장연신서산온양증평신영주예산전의오창봉명홍성조치원서청주사직평해청주예천점촌안동안동H/P 신풍공주월산죽림부강청원임하H/P 진보청양신일대청T/P 보은관창덕진상주동안동신계룡유성대덕둔산대화신탄진가수원동대전영덕서대전유천신흥보령T/P 두마남대전보령C/C 신옥천대천옥산부여의성논산옥천고아군위청하서천T/P 은진영동김천구미금산남구미인동선산상정장항북포항동군산함열구암군산T/P 영등무주구미열병합남인동남포항서군산군산칠곡침산검단내초군공이리영천포항팔봉성주서대구팔달관음북전주용담Hydraulic 진안무주P/P 와룡공평내당동인김제전주효목산격안심천북영일달서태평강창남대구반야월성서봉덕범물노변아화상정달성동전주상인부안경주신포항신김제남전주다산논공진량 #1,2#3,4 거창신경산직동섬진강고령임실청도외동정공유가월성N/P 북울산울주매암효문정주함양언양울산방어진합천옥동고창밀양영남T/P 남원산청합천H/P 용연의령창녕 #1,2 담양신남원초동삼랑진P/P신울산처용웅촌 #5,6 영광N/P 칠서산막서창울산T/P 온산홍농 #3,4 양산 #3,4 신온산영광곡성구룡신마산진영 #1,2 장성김해호포하남비아북광주신광주이현가야신월고리N/P 일곡차룡산청P/P 마산평동진주중리창공신김해신양산농성충장계림삼계기장수출월림완암장유소태삼정남광주하동개양진동운남화순구례사천나주태금하동T/P 서마산진해마천엄다매월삼천포고성목포신화순순천주암H/P 광양신고성안정북항서순천대불영암벌교율촌용성호남T/P 삼천포T/P 여천여수T/P남해충무거제아주신강진여수강진장흥고흥 진도 해남남창해남변환소완도 산지 ( 제주변환소 ) 한림C/C 신제주동제주 성산 안덕 한라 신서귀 남제주T/P 154kV System : 345kV System : 765kV System : 14

15 Transmission & Distribution Loss Historical Improvement International Comparison (Unit : %) (Unit: %) UK USA France Japan Taiwan Korea ( 05) ( 05) ( 05) ( 05) ( 05) ( 07) 15

formalities and procedure of land acquisition, right of way securing, compensation and

16 Rural Electrification Korea s rural electrification was completed in 1981 (17 year project) A special law to facilitate the rural electrification by simplifying the formalities and procedure of land acquisition, right of way securing, compensation and arbitration has been enacted and proved itself to be a great success % 99.2% 16

17 KEPCO S Generation Capacity Growth Dec (Unit: MW) fold Increase Increase

18 Generation Capacity & Energy As of

19 Structure of Electric Power Industry KEPCO 6 generation companies KOMIPO KOSPO WP Generation KOSEP KPX EWP KHNP IPPs Transmission Distribution Sales Year 2001 Transmission (KEPCO) Distribution (KEPCO) Sales (KEPCO) Customer Customer 19

Lessons from KEPCO s Rapid Growth Phased Approach in Technology Development Time 1 st Phase (1960s) 2 nd Phase (1970s) 3 rd Phase (1980s) 4 th Phase (1990s)

technology Slight adjustment, tiny addition to original technology Substantial modification, some new technologies Give-and-Take partnership with advanced

trainee worldwide) Emphasis on Training & Development KEPCO still send a large number of employees to technologically advanced nations for training and

20 Lessons from KEPCO s Rapid Growth Phased Approach in Technology Development Time 1 st Phase (1960s) 2 nd Phase (1970s) 3 rd Phase (1980s) 4 th Phase (1990s) 5 th Phase (2000- ) Level of Technology Import, License Imitate, Mimic Partially Independent Competition Brand New Technology Descriptions 100% foreign technology Slight adjustment, tiny addition to original technology Substantial modification, some new technologies Give-and-Take partnership with advanced countries Mutually beneficial cooperation and information exchange Technology transfer, implementation of international training program (Acceptance of trainee worldwide) Emphasis on Training & Development KEPCO still send a large number of employees to technologically advanced nations for training and development (e.g., USA, Europe, Japan). KEPCO signed more than 20 different MOUs for training delegation exchange program with countries in Asia, Africa, Europe and America. 20

21 Thermal Power Plants

Coal-Fired Power Plant 500 MW Class 800 MW Class - Capacity: 814-886 MW - Capacity: 500-519 MW - Efficiency:

45% - 34 Units (17,000 MW) operating - 2 Units (1,600 MW) operating - 4 Units (2,000 MW) under construction

22 Coal-Fired Power Plant 500 MW Class 800 MW Class - Capacity: MW - Capacity: MW - Efficiency: % - Efficiency: % - 34 Units (17,000 MW) operating - 2 Units (1,600 MW) operating - 4 Units (2,000 MW) under construction 1,000 MW Class Plant design was completed in Design Capacity: 1000MW - Expected Plant Efficiency: 45% Dangjin Thermal Power Plant (500MW 6) Yonghung Thermal Power Plant (800MW 2) 22

23 Thermal Power Plant Efficiency Improvement % Efficiency (%) ***gross efficiency 23

24 Thermal Power Plant Capacity Factor Chronological Improvement International Comparison (Unit: %) (Unit: %) USA Japan France UK Korea

25 Nuclear Power Plants

26 Why Nuclear? Low CO 2 Emission Cost Effective ` ` 10 4 Nuclear Gas Oil Coal (g/kwh) Nuclear Hydro LNG (US cent/kwh) Oil 26

Nuclear Power Plant In Operation Under Construction Planned 20 units

Waste Disposal Facility (To be constructed) Ulchin 1, 2, 3, 4, 5 & 6

(Under Construction) Yonggwang 1, 2, 3, 4, 5 & 6 Yonggwang Ulchin

27 Nuclear Power Plant In Operation Under Construction Planned 20 units (17,716 MW) 8 units (9,600 MW) 10 units(2030) (14,000 MW) Radioactive Waste Disposal Facility (To be constructed) Ulchin 1, 2, 3, 4, 5 & 6 Shin-Ulchin 1&2 (Planned) Seoul Wolsong 1, 2, 3 & 4 Shin-Wolsong 1 & 2 (Under Construction) Yonggwang 1, 2, 3, 4, 5 & 6 Yonggwang Ulchin Gyeongju Wolsong Kori Kori 1, 2, 3 & 4 Shin-Kori 1, 2, 3&4 (Under Construction) 27

28 Nuclear Power in the World (units) units Source: KAIF, Jan, units 55 units ` units units 19 units 18 units 17 units 15 units 11 units 10 units World Rank USA France Japan Russia UK Canada Germany Ukraine China Sweden

29 Korea s Position in Nuclear Power No.5 : World 5 th Largest Nuclear Power 91% : Higher Capacity Factor 47 months : Shortest Construction Time 2,000$/kW : Low Construction Cost 29

30 78% 91% Nuclear Power Plant Capacity Factor Year 2007 World Average Korea Source: Nucleonics Week Magazine in U.S. 30

Structure of Nuclear Power Industry KOPEC KOREA POWER ENGINEERING Co.

PLANT MAINTENANCE KNFC KOREA NUCLEAR FUEL Co.

PROJECT MANAGEMENT & OPERATION DOOSAN DOOSAN HEAVY INDUSTRIES Co.

31 Structure of Nuclear Power Industry KOPEC KOREA POWER ENGINEERING Co. AE + NSSS DESIGN KPS KOREA POWER SERVICE Co. PLANT MAINTENANCE KNFC KOREA NUCLEAR FUEL Co. NUCLEAR FUEL SUPPLY KHNP KOREA HYDRO NUCLEAR POWER Co. PROJECT MANAGEMENT & OPERATION DOOSAN DOOSAN HEAVY INDUSTRIES Co. EQUIPMENT APPLY Domestic Companies CONSTRUCTION R & D KAERI KOREA ATOMIC ENERGY RESEARCH INST. KEPCO Group Public Organization. Private Companies 31

32 Generation System Expansion Program

33 Electric Power Sector President Prime Minister Ministry of Strategy and Budget Ministry of Knowledge Economy Ministry of Education, Science and Technology Budget, Accounting Policy Making, Supervision Nuclear Safety, R&D, Licensing KEPCO KHNP, 5 Gencos, IPPs 33

34 Generation Expansion Program Capacity (MW) Installed capacity Addition of capacity Reserve 신규설비 Forecast Load 기존설비 Year 34

35 Generation Expansion Plan: Establishment Procedure Establish directions for Master Plan Submit materials covering each field (Including the letter of intent for construction submitted by the electricity business operators) Review and prepare working drafts Collect opinions related to Master Plan (tentative plan) Examine Master Plan (draft) Finalize and announce the Master Plan Government Electricity business operator/korea Power Exchange Practical work by the 6 working subcommittees Public Hearing Electricity Policy Examination Council Government 35

36 Analysis of the WASP output Analysis of Environmental Impacts Check Fuel Requirement Capital Cost Cash Flow WASP Best Generation Expansion Plan Found by WASP O&M Cost Cash Flow Financial Analysis Check Manpower Development Analysis of Location of Power Plants WASP Feasible Solution Analysis of Transmission System Development Check System Frequency Stability Transmission System Capital Cost Cash Flow 36

37 Conclusion Based upon discussions so far we can come to conclude that Korea has successfully overcome a variety of challenges in developing its technologies and skills over the past 4 decades and has made itself one of the world-leading power companies. Korea wishes to share knowledge & experience with developing countries in Asia, Africa and Central & South America to help ease their sufferings and hardships coming from the shortage of electric power. 37

38 Thank You

레이아웃 1

레이아웃 1 Annual 2013 vol.15 th HOW ENGINEERING ANNIVERSARY Annual 하우인 2013 vol.15 하우엔지니어링과 자매사 우인엔지니어링은 경남, 부산지역 종합엔지니어링 업계의 선두주자로서 건설기술의 미래지평을 열어가고 있습니다. 행복한 삶의 공간 창출, 안전하고 튼튼한 도시기반시설의 건설을 위해 우수한 인력과 기술력을 바탕으로