KEPCO stays in Phl to support RE, nuke programs

Korea Electric Power Company (KEPCO), South Korea’s largest electric utility, remains committed to supporting the Philippine energy sector as it shifts focus to renewables, smart grid technology, and nuclear energy while transitioning away from coal.

Following a recent meeting with Energy Secretary Raphael Perpetuo Lotilla, KEPCO President Kim Dong-Cheol said on Thursday that the company will maintain its presence in the country despite plans to divest its local coal assets.

The discussions with the Department of Energy (DOE) centered on renewable energy, nuclear power, and Korea’s Smart Grid Platform.

Kim cited Korea’s Intelligent Digital Power (IDP) management system, which uses artificial intelligence to optimize grid operations, reduce outages, and minimize transmission and distribution losses.

KEPCO is targeting full coal phaseout by 2050 and is accelerating renewable energy investments in line with its carbon neutrality goals.

“We welcome KEPCO’s continued commitment to the Philippine energy sector, particularly in advancing renewable energy, smart grid technology, and nuclear energy cooperation,” Lotilla said.

“As the Philippines pursues a just and inclusive energy transition, partnerships with experienced and forward-looking companies like KEPCO will be instrumental in strengthening our energy security and sustainability,” he added.

The company currently operates a 200-megawatt coal-fired power plant in Naga City, Cebu, through a joint venture with SPC Power. It also holds a 38 percent stake in Solar Philippines Calatagan Corp., which runs a 63.3-MW solar farm in Batangas.