Manila: Korea Electric Power Company (KEPCO) remains keen on the Philippine market as it considers exploring opportunities in renewable energy (RE), nuclear energy, and smart grid in the country. In a news release on Thursday, the Department of Energy (DOE) said KEPCO president Kim Dong-cheol paid a courtesy visit on Secretary Raphael Lotilla on Feb. 25 and reaffirmed their commitment to invest in the Philippine energy sector.

According to Philippines News Agency, the meeting between Lotilla and Kim centered on RE, nuclear energy, and bringing in Korea’s smart grid platform. Secretary Lotilla expressed appreciation for KEPCO’s commitment to advancing renewable energy, smart grid technology, and nuclear energy cooperation in the Philippines.

During the meeting, Kim highlighted Korea’s highly stable power grid, which is characterized by low transmission and distribution losses and fewer power outages. He attributed this stability to an intelligent digital power (IDP) management system that uses artificial intelligence (AI) to enhance efficiency and optimize grid operations.

Secretary Lotilla acknowledged KEPCO’s expertise in intelligent digital power management, noting its potential to improve the efficiency and reliability of the Philippine power grid. He emphasized that KEPCO’s interest in the Philippine energy market aligns with the government’s goal of energy security and sustainability.

In 2023, KEPCO announced the sale of its coal assets in the Philippines as part of its strategy to achieve carbon neutrality by 2050.