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Participation in Energy Innovative Growth Fund to Realize Collaborative Cooperation
- Date2020-05-29
- Hit1,282
- Agreement for Energy Innovative Growth Fund #1 with the MOTIE, KHNP, and POSCO Capital -
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KEPCO E&C on May 28 signed the agreement for collaborative cooperation to establish the Energy Innovative Growth Fund #1 with MOTIE, KHNP, and POSCO Capital at Oakwood Hotel in Seoul.
Attending the signing ceremony included KEPCO E&C CEO Lee Bae-soo, Director of Nuclear Industry Policy Division at MOTIE Seo Gi-woong, KHNP CEO Cheong Jae-hoon, and POSCO Capital CEO Shim Dong-wook.
The Energy Innovative Growth Fund #1 was established to supplement the growth capability and support the business structure improvement of the nuclear industry’s ecosystem following the government’s energy transformation policy.
The detailed plan includes the construction of the stable material supply chain and service platform to maintain the nuclear plant ecosystem and help domestic nuclear plant enterprises to secure the nuclear decommissioning technology and enter the overseas market.
POSCO Capital will manage the 30.5 billion won fund, raised with 20.0 billion won from public institutions in the energy sector, including KHNP, 4.5 billion won from POSCO Capital, 4.0 billion won from financial companies, and 1.0 billion each from POSTECH and Gyeongnam Technopark, for eight years.
“The Energy Innovative Growth Fund #1 will support the small and medium sized companies with specialized technology to enter the overseas market. We are ready to practice collaborative cooperation so that the capable small companies will have the opportunity to participate in nuclear decommissioning market,” KEPCO E&C CEO said at the signing ceremony.