State utility Korea Electric Power Corp (KEPCO) has developed low-speed wind turbine that can add nearly 800 billion won ($667 million) in future income, the company said Monday.

KEPCO’s new development is a mid-sized, 200-kilowatt wind turbine. It is capable of generating electric power at a wind speed of 10 meters per second. In Korea, wind speed needs to reach at least 12 meters per second for a wind turbine to smoothly generate electricity.

The company said its new wind turbine has longer blades to enable power generation at low wind speed. Also, it adopted a system that would help cut repair and maintenance costs.

On Tuesday, KEPCO shares ended down 0.75 percent at 19,800 won in Seoul.

By Oh Chan-jong and Cho Jeehyun

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