한국전력기술

On May 3, 2006, KOPEC signed an agreement on the formation of a Cooperative for Investment in Electric Power and Electric Industries. The aim is to provide support for superior small-and medium-sized venture firms to commercialize their technologies as part of a wider effort on the part of large and medium companies to pursue mutual win-win cooperation. The attendants of the signing ceremony were the Minister of Commerce, Industry and Energy, the presidents of the power generation affiliates, the presidents of the three largest private electricity companies (LS Industrial Systems, Hyundai Heavy Industries, and Hyosung Heavy Industries), the heads of various small- and medium-sized business-related agencies, and the presidents of a number of small- and medium-sized firms. Under the agreement, the MOCIE(the Ministry of Commerce, Industry and energy) aims to facilitate mutual win-win cooperation in the areas of electric power and electricity generation among small, medium, and large companies.

 The Cooperative for Investment in Electric Power and Electric Industries will raise a fund of over 50 billion won, including an MOCIE investment of 15 billion won to finance the electric power industry, 8.2 billion funded by eleven power affiliates including KOPEC, 3.2 billion won from large private electric companies, and investments from private investors such as investors in start-ups. The MOCIE will recruit and screen investors in start-ups in May to operate the raised funds, and commission the Electric Power Industry Technology Evaluation and Planning (ETEP) Center responsible for executing the electric power foundation funds to manage and supervise the work. Signatories to the agreement agreed to provide positive support to small and medium venture firms to activate their business incubation activities and commercialize their superior technologies.

 The agreement will enable small and medium venture firms in possession of superior technologies to secure stable funds to bolster their competitiveness, while large companies will be able to foster and secure superior technology-enhanced domestic suppliers of heavy electric power equipment and devices, thus minimizing the investment risks and creating successful business models. Furthermore, signatory agencies to the agreement have decided to push ahead with the preferable purchase of the new technology-accredited products of small and medium businesses in accordance with the government’s policy on preferable purchase by public agencies of new technology-applied products, as well as to positively provide technical and management support to promising small and medium companies dealing in electric power, and help them to explore overseas markets.