The state-run Korea Electric Power Corp. (KEPCO) has won a US$60 million (68 billion won) contract to build a nationwide power grid in the Dominican Republic, the largest power line construction project that the company has ever secured abroad.
KEPCO said on Nov. 5 that it signed a preliminary contract on Nov. 3 (local time) with Dominican state power company CDEEE to complete the construction of an electric distribution network.
Under the contract, the company is to build 14,000 utility poles and construct and change electric distribution networks and facilities spanning 870 km throughout the Caribbean nation. KEPCO will be in charge of the whole process from designing and materials purchasing to construction.
The company secured the deal in fierce competition with 13 global power companies, including Spain and Brazil, due to its high technical skills. KEPCO, chosen as the preferred bidder, plans to begin the project as soon as it signs a formal contract, and complete the construction of the electric distribution network by 2017.
KEPCO CEO Cho Hwan-eik said, “We successfully completed a US$51 million [58 billion won] power grid construction project that we won in the Dominican Republic in 2011. We believe that our trust built with CDEEE and proven technical skills helped us win the latest contract.”