South Korea’s state-run utility company Korea Electric Power Corp. (KEPCO) has won a $37.8 million project to replace and newly build power distribution facilities in the Dominican Republic.

KEPCO said on Sunday that under the agreement, it will upgrade power management systems including 8,969 units of power poles, 3,042-km long electric wire, 1,570 units of transformers and 68,890 units of electricity meters in the eastern and southern areas of the country over the next two years. It also expects the new project would result in $3.2 million exports of equipment from Korea.

KEPCO obtained the latest order from local authorities in Santo Domingo on an engineering, procurement, and construction (EPC) basis. It is the company’s third power EPC project in the Dominican Republic, and with the latest order, the company would rake in total $140 million in cumulative sales in the country.

The Dominican Republic’s power infrastructure is outdated so that the country’s power supply and distribution systems need repair and upgrade. KEPCO is aiming to reduce the country’s 30-percent power loss during transmission with its technology and hopes to win more orders in the Caribbean nation, which would serve as a base for the company to expand its footing in neighboring countries in Central and South America.

By Kang Doo-soon and Lee Ha-yeon

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