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Korea Electric Power to develop core HVDC technologies

Posted on: Mon, 30 Nov 2009 22:01:00 EST

Symbols: KEP

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SEOUL, Dec 01, 2009 (Asia Pulse Data Source via COMTEX) --
KEP | Quote | Chart | News | PowerRating -- Korea Electric Power Corp. (KEPCO), South Korea's state power company, said Monday it will join forces with three local companies to develop core technologies for a high-end electric power transmission system.

The system, called a high-voltage direct current (HVDC), is less expensive and loses less power when distributing energy over long distances.

Later in the day, KEPCO will sign a preliminary deal for the project with two electric cable makers -- Taihan Electric Wire Co. and LS Cable Ltd. -- and LS Industrial System Co, a leading manufacturer of transformers.

KEPCO predicts that the global HVDC market will increase to 23 trillion won (US$19.8 billion) in 2019.

For full details on Korea Electric Power Corporation ADR (KEP) KEP. Korea Electric Power Corporation ADR (KEP) has Short Term PowerRatings at TradingMarkets. Details on Korea Electric Power Corporation ADR (KEP) Short Term PowerRatings is available at This Link.

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