Korea Hydro & Nuclear Power Co. (KHNP) said on the 29th that the KHNP consortium was selected as the preferred bidder for the Jeonbuk State southwest offshore wind expansion complex 1 800 MW public projects.
The project will build an 800 MW offshore wind farm within a 2.4 GW wind complex off Buan County, Jeonbuk, and participation requires public institutions to hold at least 50% equity.
KHNP formed a consortium with 10 major corporations, including Korea East-West Power, KEPCO KPS, KEPCO Engineering & Construction Company (KEPCO E&C), Hanwha Ocean, Doosan Enerbility, IBK Financial Group, Samil C&S, and Jungang Offshore & Heavy Industries, to take part in the bidding.
KHNP said that in the preferred bidder selection process, public interest, project execution capability, and plans for co-prosperity with the local community received high marks.
The KHNP consortium plans to sign an implementation agreement with Jeonbuk Province by the end of Aug. and push the project forward.
Kim Hoe-cheon, KHNP president, said, "We will closely cooperate with Jeonbuk Province, the local community, and participating corporations, and faithfully implement the government's offshore wind deployment policy without setbacks to push this forward as a model project that contributes to fostering the domestic wind industry and revitalizing the regional economy."