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History

History

GS Power is growing to become an environmentally friendly energy company with unquestionable global competitiveness through efficient power plant operations, economical district cooling and heating supply, and expansion into energy-related businesses.

Nature-friendly Energy Company GS Power
2022

12Reaccredited as a Corporate for Local Community Contribution by the Ministry of Health and Welfare (Maintained for 3 years)

12Certification as an Outstanding Organization of Culture and Arts support by the Ministry of Culture, Sports, and Tourism

2021

12Completion of the Modernization Business for Anyang Combined Heat and Power Plant Units 2-2

12Reaccredited as a Corporate for Local Community Contribution by the Ministry of Health and Welfare (Maintained for 2 years)

6Redesignation as a Green Company by the Ministry of Environment (Anyang)

2020

11Recognition as a Corporate for Local Community Contribution by the Ministry of Health and Welfare and receiving a commendation from the Minister

9Obtaining permission for the Modernization Business of Bucheon Combined Heat and Power Plant

5Construction and operation of the Shiheung Pressure Facility

5Completion of the Fuel Cell Facility at Bucheon Combined Heat and Power Plant

2018

9Entry into the CBP(Cost-Based Pool Market : reflecting variable costs)

6Completion of Unit 2-1 of the Modernization Business for Anyang Combined Heat and Power Plant and commencement of construction for Unit 2-2

2016

3Completion of the Sosa Pressure Facility in Bucheon

3Completion of the Energy Efficiency Business at Incheon Total Energy

2015

11Commencement of construction for Unit 2-1 of the Modernization Business for Anyang Combined Heat and Power Plant

11Commencement of integrated businesses with Seoul Metropolitan Government’s SE Corporation (Magok District)

2014

12Declaration of Vision 2030

3Opening of Seoul Office

2Agreement on integrated businesss with Seoul Metropolitan Government’s SE Corporation

2013

12Obtaining permission for the Modernization Business of Anyang Combined Heat and Power Plant

9Completion of the Integrated Business with Korea Midland Power

2012

6Completion of the Anyang Annex

4Pursuing an ESCO Business for Waste Heat Energy Recovery at Ansan Dyeing Complex

2011

11Completion of the Gas Turbine Upgrade at Anyang Combined Heat and Power Plant

2010

9Completion of 4.8MW PAFC Power Generation Fuel Cells

7Selection as an Energy-saving (ESCO) Supplier for Gwacheon Government Complex District Cooling and Heating Supply

2009

3Obtaining permission for Fuel Cell Power Generation Business

2First Sale of Greenhouse Gas Reduction Credits in Korea

2006

9Declaration of Mid-to-Long Term Growth Strategy

2005

3Company Name Change (from LG Power Corporation to GS Power Corporation)

2004

12Obtaining Integrated SHEQ Certification

2000

6Agreement for Asset Transfer of Anyang/Bucheon Combined Heat and Power Plant and District Heating Facilities
(with Korea Electric Power Corporation and Korea District Heating Corporation)

6Establishment of LG Power Co., Ltd.

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