China, Japan and South Korea super power grid project to further accelerate
South Korea's state-owned power company Korea Electric Power and Japan's Internet, Robotics and Energy Technology Group Softbank Group has further implemented an ambitious project, namely the construction of a super grid connected to China, Japan and South Korea.
South Korea Electric Power said its president and chief executive officer Zhao Huanyi recently met with Sun Yat-sen, chairman and chief executive officer of Softbank in Japan, and agreed to strengthen cooperation to promote the super grid project and explore other energy projects. The super grid project is a multinational project aimed at establishing solar or wind power farms in Mongolia and transmitting energy to neighboring China, Korea and western Japan through the submarine power grid.
Since last year, the two companies have been discussing project details. The project will lay the foundation for a more bold Asian intelligence energy band plan. The goal of the program is to transfer energy from countries with large amounts of new renewable energy to less energy-intensive neighbors through the grid.
An anonymous South Korean electricity official said that at a recent meeting, Zhao Huanyi and Sun Zhengyi shared the view that the super grid in Northeast Asia helped reduce air pollution and greenhouse gas emissions. It is expected that the super grid project will pave the way for the establishment of an economic community in the region.
Zhao Huanyi recently proposed a vision of imports of energy from Mongolia, said the cost is only 1/10 of Japan. He added that the goal of Korea Electric Power was to increase its sales to KRW 100 trillion by building the Northeast Asia Energy Zone in 2025, and to accelerate the fourth industrial revolution in the energy industry with leading digital technology. Last year, the company's sales increased by 60.19 trillion won.
The two executives also agreed to use the large data of Korea Electric and Softbank's Internet of Things technology to create a new energy market.