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Cutting-edge ‘Eco-Town’ to open in 2016Agreement with LG and KEPCO will boost the province’s bid to be carbon-free by 2030
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승인 2015.10.26  10:18:07
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▲ Jeju's 'Eco-Town' is the result of a partnership between LG and KEPCO. Photo by Jeju

Jeju moved a step closer toward its carbon-free 2030 goal with the announcement of the “Global Eco-Platform Jeju” on Oct 8 at the Seoul Post Tower.

The Global Eco-Platform Jeju project will see investment in Jeju’s renewable energy infrastructure and electric vehicle industry through the use of leading information and communication technologies.

According to the agreement between LG, Jeju Special Self-Governing Province and Korea Electric Power Corporation (KEPCO), the construction of a cutting-edge “Eco-Town will begin on the island next year.

There are three areas under consideration to be the Eco-Town in 2016, all currently within Jeju Energy Corporation wind power complex areas: Haengwon-ri and Dongbok-ri (both Gujwa-eup), and Gasi-ri (Pyoseon-myeon).

Located the Eco-Town within an existing wind energy complex area will save the project considerable sums.

Households within the Eco-Town will be supplied by wind power, a 1.5-megawatt per hour ESS and LG-patented information technology including LED lighting and smart meters.

Jeju governor Won Hee-ryong stood alongside LG CEO Ha Hyeon-hoe and KEPCO CEO Jo Hwan-ik to announce the launch of a Special Purpose Company (SPC) to manage the 3-trillion won project.

Further backers are expected in the future and the Ministry of Trade, Industry and Energy is also supporting the project to an unspecified sum.

The first stage of a renewable energy agreement between LG and Jeju province was announced last May which sees increased cooperation on making all vehicles electric by 2030.

The Eco-Town will be a testbed for joint-working on renewable energy projects drawing on LG’s expertise in batteries and energy-storage systems (ESS).

KEPCO will also add its experience as the state energy supplier and developer of smart-grid technologies on Jeju Island.

Complementing Jeju’s bid to be carbon-free by 2030 is the Korean Smart Grid Roadmap 2030 which will see the nation’s power grid go smart by the same year.

The project will also receive extensive support from the Jeju Creative Economy Innovation Center which opened in June.

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