The Nigerian Ambassador to the Republic of Korea, H.E. Amb. Desmond Akawor paid a courtesy call on Mr. Cho, Wan Ick, President of KEPCO, Gangnam-gu, Seoul, South Korea.
The Ambassador and his economic attachee were received on arrival by the company General Manager, Mr. Yoo Young Hoon who conducted them round the company exhibition centre before meeting with the president of the company.
Among the company officers present with the president of the company were his Executive Vice President & Chief Global Business officer, Mr. Hur Kyong-Goo Vice President Overseas Project Management Dept., Mr. Lee Sun-mi.
The Ambassador reiterated that KEPCO who partner with Sahara Power to acquire one of the biggest power plant in the Nigeria in 2007 is now seen as a partner in the country’s effort to overcome the lingering power problem.
He further pledged the co-operation of his Embassy in ensuring that KEPCO succeeds in the task of providing power for Nigerians. He noted that Egbin Power Plant had an initial capacity of 1320mW, but could only generate 880mW in 2006 before KEPCO group restored the plant back to full capacity.
In his response, Mr. Cho Won Ick said arrangement were underway to increase KEPCO participation in Nigeria market he is looking forward to the Embassy to enable them further enter into other sectors of Nigerian economy.
He noted that presently KEPCO is offering Consultancy Services to Ikeja Electricity Distribution Company, adding that KEPCO is partnering with KOICA in the establishment of a Standard Training Centre in Nigeria to cater for medium low level manpower needs in the power sector of the economy.
In his response, H.E. Amb. Desmond Akawor further encouraged KEPCO to partner with others to establish greenfield project new power project that could be operated as a Built, Operate Transfer (BOT) terms as any investment in power sector of the most populous African nation could not be a waste.