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About Us

History

A new beginning..
EWP, whose power history is in line with the birth and development of Korea, is opening a new chapter. In March 1887, as the first electric light was turned on at Geoncheong-gung, Gyeongbok-gung, the history of Korea’s power industry began. In July 1961, KEPCO was established by the integration of Gyeongseong Electricity, Joseon Electricity, and Namseon Electricity. Over 40 years later, Korea's power industry went through a major change. The Korea power industry was restructured by the Korean government in 2001. Korea East West Power Co., Ltd. (EWP) was spun off from the vertically-intergrated Korea Electric Power Corporation (KEPCO), along with four thermal and one nuclear generation companies (GENCOs)

  • 1961

    • Korea Electric Power Co., Ltd.
  • 1982

    • Korea Electric Power Corporation
  • 2001

    • Spun off from KEPCO as a power generation company
  • 2002

    • Completed Sancheong Power Units #1 and #2
  • 2003

    • Issued, for the first time as a power company, Yen-denominated bonds worth 20billior won at a very low interest rate (1.33%)
  • 2004

    • Introduced Six Sigma
  • 2005

    • Won 1st place (of the Korea BSC Awards)
  • 2006

    • Completed Dangjin Power Units #5 and #6
  • 2007

    • Acquired ISO 9001/14001
  • 2008

    • Won the contract to commission Nueva Ventanas Power Plant in Chile
    • Completed Dangjin Power Units #7 and #8
  • 2009

    • Proclaimed of the ‘EWP Vision 2012’
    • Signed the contract for the operation project of the Cebu CFBC Power Plant
  • 2010

    • Acquisite biomass power generation facilities in US
  • 2011

    • Completed Construction of 30MW Diesel Power Plant in Haiti
    • Held the Ceremony of Company`s 10th Founding Anniversary
    • Acquired 40% Ownership of Jamaica Public Service
    • Proclaimed of the ‘EWP New Vision for 2020’
    • We provide 11.1%(8,815.1MW) of domestic electricity supply.
  • 2012

    • Won the grand prize in the eco-friendly sector hosted by the UN Global Compact
  • 2013

    • Won the grand prize in the green technology sector at the Korea New Growth Management Awards ceremony
    • We carry out overseas projects in 7 countries.
  • 2014

    • Relocation of headquarters to Ulsan's innovative city
    • Implementation of convenient smart office with flexible seating and cloud access system
    • Certified as an excellent company in climate change competitiveness by the Ministry of Trade, Industry and Energy
  • 2015

    • Carbon Disclosure Project(CDP) Special Award for 2 Consecutive Years
    • Achieved 1st grade in anti-corruption policy evaluation for 3 consecutive years
  • 2016

    • Ranked No.1 in the Climate Crisis Competitiveness Index for 6 consecutive years in the power generation sector
    • Achieved the highest net profit since inception(approximately 360 million dollars)
  • 2017

    • Voluntary participation in CDP for 5 consecutive years and special award for 4 consecutive years
    • Completed construction of Dangjin Power Plant Units 9 and 10
  • 2018

    • Achieving the lowest level among public companies in the accident rate of ordered construction
    • Achieved the highest net profit since inception(approximately 360 million dollars)
  • 2019

    • Received the Grand Leaders Award Special Award on Climate Change
    • Completion of the largest wind farm in the West Coast region
  • 2020

    • Awarded the Grand Prize for Green Environment Company hosted by the Ministry of Environment
    • The lowest power plant failure rate since its establishment for 2 consecutive years
    • Gold winner in the Sustainability Report category hosted by the LACP Awards in the United States
  • 2021

    • Achieved the highest grade among public enterprises in the win-win growth evaluation for small and medium-sized enterprises(SMEs) 10 times
  • 2022

    • Ranked 1st among 548 public institutions in public data operation evaluation