US-based energy company GE Power’s joint venture (JV) KAPES has secured a $320m contract with the Korea Electric Power (KEPCO).
As part of the contract, GE Power will be responsible for delivering equipment and expertise for a 4GW high-voltage direct current (HVDC) transmission link in South Korea connecting a power complex to Seoul’s metropolitan area.
According to the company, the power transmitted from the complex will represent nearly 40% of Korea’s energy demand.
Under the deal, GE and KAPES will design the overall HVDC system to feature a 500kV HVDC Bipole with two converter stations, including valves, a cooling system, converter transformers, filters, a switchyard, and a control system.
The new HVDC project is expected to be completed in 2021. It aims to improve the stability and reliability of the Korean electrical transmission grid through the creation of new routes for power supply.
GE Power East Asia and Pacific grid solutions business president Jean-Pierre Faure said: “GE and KEPCO have a 20-year relationship in HVDC reference projects in Korea.
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“This trusted partnership between our companies and the success of the JV are built on the successful delivery of numerous contracts and GE’s technical expertise in HVDC technologies.
“This new contract is a continuation of our commitment to contributing to Korea’s growing power economy.”