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Korea Power Exchange establishes backup power control center in Osong, Chungbuk-do
내용 Korea Power Exchange establishes backup power control center in Osong, Chungbuk-do
- Chungbuk-do, Cheongju-si, CBfez, Korea Electric Power Exchange, and Korea Industrial Complex Corporation signed an investment agreement-

In the office of the provincial governor on the 25th , Chungbuk-do signed an investment agreement with four organizations, Cheongju City, CBfez, Korea Power Exchange, and the Korea Industrial Complex Corporation, for the establishment of a backup power control center for the Korea Electric Power Exchange in the Osong Biopolis District. This signing ceremony was held in the presence ofChungcheongbuk-do Governor Lee Si-jong, CBfez Director General Jeon Hyung-sik, Korea Power Exchange Chairman Cho Yong-tak, Korea Industrial Complex Corporation Chairman Kim Jeong-hwan, and others.

By signing this investment agreement, Korea Power Exchange plans to build a backup power control center equipped with power grid monitoring and control facilities, office facilities, etc., on a site with a plot area of 16,528 m2 and a building area of 7,264 m2 in the Osong Biopolis District. About KRW 70 billion will be invested by 2024, including investment for IT computer facilities in the future. Chungbuk-do, CBfez, and Cheongju-si have agreed to cooperate in providing administrative support for the project to be implemented without a hitch.

Korea Power Exchange decided to relocate the center after a disaster safety diagnosis suggested that the possibility that a landslide may reoccur was high after its central branch's backup power control center was suspended due to landslide damage caused by torrential rain in 2017.

Osong, Chungbuk-do was finally selected as the location as a result of conducting on-site due diligence and gathering opinions from local governments. Governor Lee Si-jong said, “The relocation of the center, which plays a pivotal role in the power industry to Osong, will contribute to leading the promotion of new energy industries in the era of the Fourth Industrial Revolution and creating jobs and revitalizing the local economy, thus helping Osong to develop further.”

Established as a public organization under the supervision of the Ministry of Trade, Industry and Energy in April 2001, Korea Power Exchange is responsible for stable electricity supply and fair and transparent electricity market operation throughout Korea. Its headquarters are located in Naju, Jeollanam-do, and it operates branches in Gyeongin (Uiwang), the central region (Cheonan), and Jeju.
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