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Virginia in partnership with Korea Electric Power Corporation

Staff Writer |
Governor McAuliffe announced the signing of a Memorandum of Understanding (MOU) between Korea Electric Power Corporation (KEPCO) and the Virginia Economic Development Partnership (VEDP).

This MOU allows KEPCO, the largest electric utility company in South Korea, and Virginia to collaborate and promote information sharing, develop strategies, facilitate understanding, identify challenges and stakeholders.

The agreement will encourage non-governmental organizations, research institutions, businesses and government institutions at all levels to participate in cooperative activities to support the energy sector.

Recognizing their common interests in the industry, both parties will promote mutually-beneficial cooperation on the Smart Grid, technologies and approaches, and other areas of mutual interest.

Governor McAuliffe and Mr. Hwan-il Choi, President of KEPCO, signed the MOU during a meeting in Seoul.

The Governor is leading a 10-day trade and marketing mission to the Pacific Rim, visiting Japan, South Korea, Singapore and Australia to encourage new investment in the Commonwealth and promote Virginia’s exports.

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