Yeosu City and Korea Western Power Join Hands to Advance Construction of Yeosu Natural Gas Power Plant, a Project Worth 816.2 Billion Won

【Financial News, Yeosu = Reporter Hwang Tae-jong】Yeosu City and Korea Western Power have joined hands to ensure the successful construction of the Yeosu Natural Gas Power Plant, a project worth 816.2 billion won.
 In particular, they agreed to work together to prioritize the use of companies, workers and equipment from the Yeosu area for construction and to create jobs.
 To this end, a mutual-growth business agreement was signed on the 4th in the mayor’s office at Yeosu City Hall, with Yeosu Mayor Seo Young-hak and Park Won-seo, head of Korea Western Power Co., Ltd.’s Yeosu Construction Headquarters, in attendance.
 Yeosu Mayor Seo Young-hak emphasized, "The significance of this agreement lies in establishing a foundation for cooperation that will enable the region and businesses to grow together as a large-scale power plant construction project moves forward."
 According to Yeosu City, the Yeosu Natural Gas Power Plant project involves building a 500-MW natural gas power plant in the Myodo-dong area of Yeosu, at a total cost of 816.2 billion won. Construction began last April, and completion is scheduled for April 2029. About 150,000 jobs are expected to be created over the course of the project, which is also expected to have a positive impact on revitalizing the local economy.
 The agreement was drawn up to establish a cooperation framework between the two institutions to ensure the project proceeds smoothly and to revitalize the local economy by prioritizing the use of local companies, workers and equipment.
 It also sets out cooperation measures to promote mutual growth with the local community, including minimizing disruption to residents’ daily lives and environmental damage that may arise during construction.
 Park Won-seo, head of Korea Western Power Co., Ltd.’s Yeosu Construction Headquarters, said, "Through this agreement, we will strengthen cooperation with Yeosu City and move the power plant construction project forward smoothly, based on communication with the local community."
 Yeosu Mayor Seo Young-hak said, "We will continue to expand cooperation for mutual growth with the region by linking it with other projects, including those of Korea East-West Power, that are planned for the future."

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