POSCO Energy is the largest private energy producer in South Korea.
[Won-sup Yoon and Sun-ah Kim]
"POSCO Energy secures fuel cell technology"
''MK News'' November 13, 2012. Retrieved on April 24, 2013.[Lee, Hyo-sik]
''Korea Times'' January 27, 2013. Retrieved on April 24, 2013. It is a member of the
POSCO
POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure. In 2010, i ...
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,
[Ji-hyeong Kim and Ha'eun Bang]
"POSCO Energy acquires stakes in Indonesia's coal mine"
''MK Business News'' July 20, 2012. Retrieved on April 24, 2013. fuel cells,
liquid natural gas
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the vol ...
(LNG), and off-gas power.
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.
It is headquartered in Seoul, South Korea.
History
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.)
2000–2006
* 2000.07
El Paso Natural Gas
El Paso Natural Gas (EPNG) is an American company with a system of natural gas pipelines that brings gas from the Permian Basin in Texas and the San Juan Basin in New Mexico and Colorado to West Texas, New Mexico, Nevada, California, and Arizona ...
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
, former_name = Korea Explosives Group
, type = Public
, traded_as =
, industry = Conglomorate
, founded =
, founder = Kim Chong-hee
, hq_location_city = Seoul
, hq_location_country = South Korea
, area_served = Global
, key_people = K ...
and El Paso's shares)
* 2005.09 Company name changed to POSCO Power Corp.
* 2006.03 Acquisition of 100% of POSCO., Ltd.
2007–present
* 2007.02 Initiated Fuel Cell business (transferred from POSCO Co., Ltd.)
* 2008.09 Completion of Fuel Cell BOP manufacturing factory (Pohang, Yeonsan 100MW)
* 2008.12 Completion of LNG combined Power Plant unit 5&6 (Total 3,000MW)
* 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)
* 2010.12 Signed to Nevada (U.S) solar power plant (Boulder City. 300MW)
* 2010.12 Completion of Gwangyang Off-gas Power Plant (Total 300MW)
* 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
* 2011.03 Completion of the Fuel Cell stack manufacturing factory
* 2012.01 1st Completion of Shinan solar photovoltaic power generation
* 2012.02 Launch of saprophytism power plant in Pohang
* 2012.02 Company name changed to POSCO Energy Corp.
* 2012.03 Inauguration of CEO Chang-Gwan Oh.
Operations
Subsidiaries
* Pohang fuel cell Power Plant. Co,Ltd
* PSC Energy Global. Co,Ltd
* Sin-An Energy. Co,Ltd
* Posco E&E. Co,Ltd
Power plant
* Incheon LNG Power
* Plant Unit 1 to 4
* Plant Unit 5, 6
* Gwangyang Off-gas power
* Pohang Off-gas power
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
{{reflist
External links
Posco Energy
Electric power companies of South Korea
POSCO