Hanwha Energy and Korea Western Power, Agreement on Power Generation Development

*This content was translated by AI.

Hanwha Energy and Korea Western Power (Western Power) agreed on April 30 to cooperate on new power generation development.

The two companies reached a consensus to expand power generation projects in the distributed energy sector by leveraging their respective experiences in power-related businesses.

Key contents of the agreement between Hanwha Energy and Western Power include joint cooperation on power generation development projects in major industrial complexes and distributed energy sectors in Korea, joint cooperation on government policy projects such as RE100 industrial complexes and clean hydrogen power generation, and AI advanced industries, among others.

Hanwha Energy will be responsible for project development, while Western Power will provide technical support and operational cooperation.

A Hanwha Energy official, speaking to this newspaper by phone, said, "The need arose to establish a foundation for cooperation on power generation development projects centered on industrial complexes."

A Hanwha Group official stated, "Cooperation with Western Power is a necessary choice for Hanwha Energy, as it secures stable opportunities to continuously discover new business prospects. It is also positive that a structure has been created to concretize ideas and take on new challenges."

Korea Western Power's stance on cooperation with Hanwha is quite positive. A Western Power official said, "Cooperation with Hanwha is a new opportunity in the future energy market, including distributed energy. It is particularly positive in continuously discovering new energy sources."

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*This content was translated by AI.