Saturday, September 18, 2010

KEPCO KDN and POSCO to implement Smart Grid project in Kerala, India

Korea Electric Power Corporation (KEPCO) , which owns Knowledge, Data and Network (KDN), has won US $10 billion of Power infrastructure and Smart Grid project in Kerala, India along-with Consortium of Companies including POSCO ICT . KEPCO is the multinational utility company that operates in various power segments, with $28 billion revenue and 38, 000 employees, KEPCO aims to become $85 billion company by 2020. It is the only power utility company in Korea and is part of the Korea Smart Grid Initiative. Knowledge, Data, and Network (KDN) is a subsidary of KEPCO that exclusively focuses on IT services to all power segments including Smart Grid. POSCO ICT is the subsidiary company of POSCO - the second largest steel company in the world. POSCO ICT opeartes in services, industries and new technology area. KEPCO KDN official stated that opportunities at abroad is important for their global growth as the domestic opportunities are saturated. The company hopes to secure similar projects in other parts of the India

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