Posco Energy

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{{Infobox company

| name = POSCO Energy

| logo = POSCO logo.svg

| caption =

| type =

| traded_as =

| fate =

| predecessor =

| successor =

| foundation = {{Start date|1969}}

| founder =

| defunct =

| location_city = Seoul

| location_country = South Korea

| location =

| locations =

| area_served =

| key_people = Ko Seong-Sick
(Chief Executive Officer)

| industry = Electricity

| products = Electric power
LNG
fuel cells

| services =

| revenue = {{profit}} KRW 1,917,600,000,000 Won (2011)

| operating_income =

| net_income = {{profit}} KRW 46,100,000,000 Won (2011)

| assets =

| equity = KRW 233,300,000,000 Won (2011)

| owner =

| num_employees = 630

| parent = POSCO

| divisions =

| subsid =

| homepage ={{URL|https://eng.poscoenergy.com/_service/main.asp}}

| footnotes =

| intl =

}}

POSCO Energy is the largest private energy producer in South Korea.Won-sup Yoon and Sun-ah Kim. [http://news.mk.co.kr/newsRead.php?rss=Y&sc=30800006&year=2012&no=749449&sID=308 "POSCO Energy secures fuel cell technology"] MK News November 13, 2012. Retrieved on April 24, 2013.Lee, Hyo-sik. [https://www.koreatimes.co.kr/www/news/biz/2013/01/123_129546.html "POSCO eyes bright future beyond crisis"] Korea Times January 27, 2013. Retrieved on April 24, 2013. It is a member of the POSCO consortium, and was established in November 1969, in South Korea as the nation's first private electricity supplier. The main businesses are in coal-fired power generation,Ji-hyeong Kim and Ha'eun Bang. [http://news.mk.co.kr/english/newsRead.php?sc=30800004&cm=Company&year=2012&no=451006&selFlag=sc&relatedcode=&wonNo=451298&sID=308 "POSCO Energy acquires stakes in Indonesia's coal mine"] MK Business News July 20, 2012. Retrieved on April 24, 2013. fuel cells, liquid natural gas (LNG), 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.{{citation needed|date=April 2013}}

It is headquartered in Seoul, South Korea.

According to the group policy, it was merged into POSCO International as of January 1, 2023.{{Cite web |title=포스코에너지 합병 통합법인 포스코인터내셔널 출범 |url=http://se-cu.com/ndsoft/error.html |access-date=2025-03-16 |website=se-cu.com}}

History

{{Prose|section|date=March 2012}}

= 1969–1999 =

  • 1969.03 Establishment of Kyung-In Energy Co., Ltd.(Joint venture of Hanwha Group & Union Oil U.S.)
  • 1972.02 Launched commercial operation of the LNG combined Power plant.(Incheon, Total 325MW)
  • 1983.12 Withdrawal of Union Oil's share from Kyung-In Energy Co., Ltd.
  • 1999.12 Establishment of Hanwha Energy Co., Ltd. (Hived off from Hanwha Group's Energy Dept.){{citation needed|date=April 2013}}

= 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 (Incheon, total 1,800MW)
  • 2005.07 Acquisition of POSCO Co.Ltd. and Korea Energy Investment Ltd.(Acquired 50% each of Hanwha and El Paso's shares)
  • 2005.09 Company name changed to POSCO Power Corp.{{cite web

|url=http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=004&aid=0000038824|title = 포스코, 한국종합에너지 지분 50% 인수 |publisher = 한국경제}}

  • 2006.03 Acquisition of 100% of POSCO., Ltd.{{cite web|url=http://www.ebn.co.kr/news/n_view.html?id=236276|archive-url=https://archive.today/20130218231730/http://www.ebn.co.kr/news/n_view.html?id=236276|url-status=dead|archive-date=2013-02-18|title=포스코, 포스코파워 지분 전량 인수|publisher=EBN 산업뉴스}}

= 2007–present =

  • 2007.02 Initiated Fuel Cell business (transferred from POSCO Co., Ltd.){{cite web

|url=http://www.hankyung.com/news/app/newsview.php?aid=2007033052031|title = 포스코파워, 연료전지 사업 본격 착수 |date = 30 March 2007 |publisher = 한국경제}}

  • 2008.09 Completion of Fuel Cell BOP manufacturing factory (Pohang, Yeonsan 100MW){{cite web

|url=http://www.imaeil.com/sub_news/sub_news_view.php?news_id=42781&yy=2008|title = 대구경북의 핵심 경쟁력 '태양광•연료전지' |date = 18 September 2008 |publisher = 매일신문}}

  • 2008.12 Completion of LNG combined Power Plant unit 5&6 (Total 3,000MW){{cite web

|url=http://news.mk.co.kr/newsRead.php?year=2008&no=779569|title = 포스코, LNG복합발전소 착송 |date = 24 December 2008 |publisher = 매일경제}}

  • 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 (Pohang, Yeonsan 100MW){{cite web

|url=http://www.hankyung.com/news/app/newsview.php?aid=2010040784911|title = 포스코, 발전용 연료전지 생산공장 착공 |date = 7 April 2010 |publisher = 한국경제}}

  • 2010.12 Signed to Nevada (U.S) solar power plant (Boulder City. 300MW){{cite web

|url=http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=001&aid=0004818654|title = 포스코파워, 美에 세계 최대 태양광발전소 설립 |publisher = 경향신문}}

  • 2010.12 Completion of Gwangyang Off-gas Power Plant (Total 300MW){{cite web

|url=http://news.khan.co.kr/kh_news/khan_art_view.html?artid=201012151506321&code=950312|title = 포스코파워, 광양 부생복합발전소 준공 |publisher = 경향신문}}

  • 2011.02 Launch of Coal-fired Power Project in Vietnam (Mong Doung 2 project. 1200MW)
  • 2011.03 Founding of the Women's Table Tennis Club {{cite web|url=http://sportsworldi.segye.com/Articles/Sports/Total/Article.asp?aid=20110223001760&subctg1=30&subctg2=00|archive-url=https://archive.today/20130202071005/http://sportsworldi.segye.com/Articles/Sports/Total/Article.asp?aid=20110223001760&subctg1=30&subctg2=00|url-status=dead|archive-date=2013-02-02|title=인천시,포스코파워여자탁구단|publisher=스포츠월드}}
  • 2011.03 Completion of the Fuel Cell stack manufacturing factory
  • 2012.01 1st Completion of Shinan solar photovoltaic power generation {{cite web

|url=http://www.etoday.co.kr/news/section/newsview.php?TM=news&SM=2307&idxno=536130

|title = 포스코파워, 신안 폐염전에 대규모 태양광발전소 준공 |date = 26 January 2012 |publisher = 이투데이}}

  • 2012.02 Launch of saprophytism power plant in Pohang{{cite web

|url=http://news.mk.co.kr/newsRead.php?year=2012&no=71830|title = 포스코파워, 포항에 부생복합발전소 착공 |publisher = 매일경제}}

  • 2012.02 Company name changed to POSCO Energy Corp.{{cite web

|url=http://news.mk.co.kr/newsRead.php?year=2012&no=98579|title = '포스코파워', '포스코 에너지'로 사명 변경 |publisher = 매일경제}}

  • 2012.03 Inauguration of CEO Chang-Gwan Oh.

Operations

= Subsidiaries =

{{Prose|section|date=March 2012}}

  • Pohang fuel cell Power Plant. Co, Ltd
  • PSC Energy Global. Co, Ltd
  • Sin-An Energy. Co, Ltd
  • Posco E&E. Co, Ltd{{citation needed|date=April 2013}}

=Power plant=

  • Incheon LNG Power
  • Plant Unit 1 to 4
  • Plant Unit 5, 6
  • Gwangyang Off-gas power
  • Pohang Off-gas power{{citation needed|date=April 2013}}

= LNG terminal =

  • Gwangyang LNG Terminal{{Cite web |last=기자 |first=최인수 |date=2024-01-02 |title=[르포] 광양 LNG터미널 현장을 가다 |url=https://www.energy-news.co.kr/news/articleView.html?idxno=92045 |access-date=2025-03-16 |website=에너지신문 |language=ko}}

=New projects=

  • Green Project (solar power plant in Boulder City, Nevada, US / solar power plant in Sin-an City)
  • Global IPP Project (Vietnam Mong Duong II coal-fired power plant project / Indonesia CSP off-gas power project)

References

{{reflist}}