Paris, FRANCE - The Shin-bupyeong project should relieve overload conditions, and strengthen the grid system.
GE has announced that they have been together with KAPES awarded a contract worth of $100 million by Korea Electric Power Corporation (KEPCO) to supply the Incheon project with their technological solutions in Incheon, South Korea.
According to GE, South Korea has experienced a nearly 35% growth in energy consumption within the last decade and continues to be one of the biggest energy consumers in the world. The Shin-bupyeong project in Incheon – the nation’s third most populous city – should be crucial in providing rapid active power flow controls and compensation of reactive power to relieve any overload and overvoltage conditions in the congested area.
GE Grid Solutions, together with KAPES, should deliver the complete engineering design, as well as oversee procurement, manufacturing and delivery of the equipment, and installation and commissioning of their technology. According to the company, the core equipment should be manufactured at GE’s sites in UK, France, Italy, and Brazil. Installation is expected to start in 2024.
Source: GE