POSCO Energy is the largest private energy producer in South Korea.[1][2] It is a member of the POSCO consortium, and was established on November, 1969, in South Korea as the nation's first private electricity supplier. The main businesses are in coal-fired power generation,[3] fuel cells,[1] liquid natural gas (LNG), and off-gas power.
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| Industry | Electricity |
|---|---|
| Founded | 1969 |
| Headquarters | , |
Key people | Ko Seong-Sick (Chief Executive Officer) |
| Products | Electric power LNG fuel cells |
| Revenue |  KRW 1,917,600,000,000 Won (2011) |
| KRW 46,100,000,000 Won (2011) | |
| Total equity | KRW 233,300,000,000 Won (2011) |
Number of employees | 630 |
| Parent | POSCO |
| Website | eng |
With the completion of construction on the Incheon LNG combined cycle power plant in 2012, POSCO Energy will have 3,300 MW of power generation facilities.[citation needed]
It is headquartered in Seoul, South Korea.
History
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1969–1999
- 1969.03 Establishment of Kyung-In Energy Co., Ltd.(Joint venture of Hanwha Group & Union Oil U.S.)
- 1972.02 Launched commercial operation of the LNG combined Power plant.(Incheon, Total 325MW)
- 1983.12 Withdrawal of Union Oil's share from Kyung-In Energy Co., Ltd.
- 1999.12 Establishment of Hanwha Energy Co., Ltd. (Hived off from Hanwha Group's Energy Dept.)[citation needed]
2000–2006
- 2000.07 El Paso Natural Gas acquisition of a 50% share of the company
- 2000.10 Company name changed to Korea General Energy Co., Ltd
- 2002.01 Phased enlargement & launching LNG combined Power Plant (Incheon, total 1,800MW)
- 2005.07 Acquisition of POSCO Co.Ltd. and Korea Energy Investment Ltd.(Acquired 50% each of Hanwha and El Paso's shares)
- 2005.09 Company name changed to POSCO Power Corp.[4]
- 2006.03 Acquisition of 100% of POSCO., Ltd.[5]
2007–present
- 2007.02 Initiated Fuel Cell business (transferred from POSCO Co., Ltd.)[6]
- 2008.09 Completion of Fuel Cell BOP manufacturing factory (Pohang, Yeonsan 100MW)[7]
- 2008.12 Completion of LNG combined Power Plant unit 5&6 (Total 3,000MW)[8]
- 2009.03 Inauguration of CEO Sung-sik Cho
- 2009.06 Establishment of the Fuel Cell technology lab
- 2009.11 Announcement of the "New Vision" for 40th anniversary
- 2010.04 Completion of the Fuel Cell stack manufacturing factory (Pohang, Yeonsan 100MW)[9]
- 2010.12 Signed to Nevada (U.S) solar power plant (Boulder City. 300MW)[10]
- 2010.12 Completion of Gwangyang Off-gas Power Plant (Total 300MW)[11]
- 2011.02 Launch of Coal-fired Power Project in Vietnam (Mong Doung 2 project. 1200MW)
- 2011.03 Founding of the Women's Table Tennis Club [12]
- 2011.03 Completion of the Fuel Cell stack manufacturing factory
- 2012.01 1st Completion of Shinan solar photovoltaic power generation [13]
- 2012.02 Launch of saprophytism power plant in Pohang[14]
- 2012.02 Company name changed to POSCO Energy Corp.[15]
- 2012.03 Inauguration of CEO Chang-Gwan Oh.
Operations
Subsidiaries
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- Pohang fuel cell Power Plant. Co, Ltd
- PSC Energy Global. Co, Ltd
- Sin-An Energy. Co, Ltd
- Posco E&E. Co, Ltd[citation needed]
Power plant
- Incheon LNG Power
- Plant Unit 1 to 4
- Plant Unit 5, 6
- Gwangyang Off-gas power
- Pohang Off-gas power[citation needed]
New projects
- Green Project (solar power plant in Boulder City, Nevada, US / solar power plant in Sin-an City)
- Global IPP Project (Vietnam Mong Duong II Coal-Fired Power Plant Project / Indonesia CSP Off-gas power Project)
References
External links
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