South Korea Begins to Supply Electricity to North Korean Kaesong Industrial Complex
Interestingly, South Korea will begin to provide electricity to the North Korean industrial complex in Kaesong. Ironically, at the end of World War Two when the country was split, the North, briefly and somewhat sporadically, provided electricity to the South.
The South-to-North power supply will facilitate the development of the industrial complex in Kaesong, just 60 kilometers north of Seoul.
So far, three small- and medium-sized Korean companies have established production lines in the complex. They have produced electricity from their own generators.
The lack of infrastructure is one of the biggest challenges ahead for the Kaesong Complex.
The state-run KEPCO will supply 15,000 kilowatts of electricity in the first stage but plans to increase the power to 100,000 kilowatts by 2007 when 300 more companies are expected to operate production facilities in the complex.
To supply electric power, the corporation set up 220 power poles between South Korea's Munsan sub-station and the complex.
The Kaesong complex, which aims to combine the South's capital and entrepreneurial expertise with the North's cheap labor, is the biggest inter-Korean economic project.
The project is based on the agreement made between former South Korean President Kim Dae-jung and North Korean leader Kim Jong-il in their summit in June 2000.
South Korean officials hope the Kaesong project will help North Korea become open to the outside world.
The electricity will not be available to North Korean residents and companies beyond the complex, the KEPCO official said.
The South-to-North power supply will facilitate the development of the industrial complex in Kaesong, just 60 kilometers north of Seoul.
So far, three small- and medium-sized Korean companies have established production lines in the complex. They have produced electricity from their own generators.
The lack of infrastructure is one of the biggest challenges ahead for the Kaesong Complex.
The state-run KEPCO will supply 15,000 kilowatts of electricity in the first stage but plans to increase the power to 100,000 kilowatts by 2007 when 300 more companies are expected to operate production facilities in the complex.
To supply electric power, the corporation set up 220 power poles between South Korea's Munsan sub-station and the complex.
The Kaesong complex, which aims to combine the South's capital and entrepreneurial expertise with the North's cheap labor, is the biggest inter-Korean economic project.
The project is based on the agreement made between former South Korean President Kim Dae-jung and North Korean leader Kim Jong-il in their summit in June 2000.
South Korean officials hope the Kaesong project will help North Korea become open to the outside world.
The electricity will not be available to North Korean residents and companies beyond the complex, the KEPCO official said.
Comments
Post a Comment