Posco Energy
POSCO Energy is the largest private energy producer in South Korea. It is a member of the POSCO consortium, and was established on November, 1969, in South Korea as the nation's first private electricity supplier. The main businesses are in coal-fired power generation, fuel cells, liquid natural gas, and off-gas power.
With the completion of construction on the Incheon LNG combined cycle power plant in 2012, POSCO Energy will have 3,300 MW of power generation facilities.
It is headquartered in Seoul, South Korea.History
1969–1999
- 1969.03 Establishment of Kyung-In Energy Co., Ltd.
- 1972.02 Launched commercial operation of the LNG combined Power plant.
- 1983.12 Withdrawal of Union Oil's share from Kyung-In Energy Co., Ltd.
- 1999.12 Establishment of Hanwha Energy Co., Ltd.
2000–2006
- 2000.07 El Paso Natural Gas acquisition of a 50% share of the company
- 2000.10 Company name changed to Korea General Energy Co., Ltd
- 2002.01 Phased enlargement & launching LNG combined Power Plant
- 2005.07 Acquisition of POSCO Co.Ltd. and Korea Energy Investment Ltd.
- 2005.09 Company name changed to POSCO Power Corp.
- 2006.03 Acquisition of 100% of POSCO., Ltd.
2007–present
- 2007.02 Initiated Fuel Cell business
- 2008.09 Completion of Fuel Cell BOP manufacturing factory
- 2008.12 Completion of LNG combined Power Plant unit 5&6
- 2009.03 Inauguration of CEO Sung-sik Cho
- 2009.06 Establishment of the Fuel Cell technology lab
- 2009.11 Announcement of the “New Vision” for 40th anniversary
- 2010.04 Completion of the Fuel Cell stack manufacturing factory
- 2010.12 Signed to Nevada Solar Power Plant
- 2010.12 Completion of Gwangyang Off-gas Power Plant
- 2011.02 Launch of Coal-fired Power Project in Vietnam
- 2011.03 Founding of the Women's Table Tennis Club
- 2011.03 Completion of the Fuel Cell stack manufacturing factory
- 2012.01 1st Completion of Shinan solar photovoltatic power generation
- 2012.02 Launch of saprophytism power plant in Pohang
- 2012.02 Company name changed to POSCO Energy Corp.
- 2012.03 Inauguration of CEO Chang-Gwan Oh.
Operations
Subsidiaries
- Pohang fuel cell Power Plant. Co,Ltd
- PSC Energy Global. Co,Ltd
- Sin-An Energy. Co,Ltd
- Posco E&E. Co,Ltd
- Incheon LNG Power
- Plant Unit 1 to 4
- Plant Unit 5, 6
- Gwangyang Off-gas power
- Pohang Off-gas power
New projects
- Green Project
- Global IPP Project