The following is excerpted from the question-and-answer section of the transcript.
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Question: Minjae Lee - NH Investment & Securities Co., Ltd., Research Division - Analyst
: [Interpreted] I have three questions. First is on the 11th basic plan on the electricity supply and demand plan. What is the progress to date on the
development of this plan? And also for nuclear power plant, is there certain regions overseas that you're tapping for opportunities? And if you
could share that with us, that would be great.
And second question is on the domestic offshore wind generation. Would you please share the current progress to date that is going on for offshore
wind for both KEPCO and GENCO, if you can share any?
And next is on the fuel cost pass-throughs unit cost. In the second half of this year, is there potential possibility that you will be lowering the overall
tariff due to this adjusted unit cost by passing through the fuel costs.
Unidentified Company Representative
[Interpreted] So to answer your question on the 11th basic plan on the electricity supply and demand, currently, the first comprehensive conference
by the government agencies has been carried out on July 27, and they have -- they are planning to announce the overall working level plan within
this year. As far as I know, at this point, there is no additional nuclear power plant that is being shared at the moment.
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AUGUST 11, 2023 / 6:00AM, 015760.KS - Q2 2023 Korea Electric Power Corp Earnings Call (English, Korean)
To answer your question on the overseas nuclear power plant projects, currently, our group is dividing the overall coverage of regions between
KEPCO and KHNP. KEPCO is covering Saudi Arabia, UAE and U.K. region, whereas KHNP is covering East European region and Egypt. At the moment,
we do not have any newly planned project going on.
Unidentified Company Representative
[Interpreted] To answer your question on the offshore wind project, to share with you the first progress on the Chungbuk area, southeast region
offshore wind project of 1.2 gigawatts, we are currently carrying out pilot projects for 400-megawatt offshore wind, and we're planning to have
extended -- 800-megawatt extended project for this year. And currently, we have held the selection committee in January of 2023.
And also for the extended project of 800-megawatt, we have carried out our feasibility research in June of 2023. And also, we are pursuing Shin-Hanul
offshore wind project of 1.5 gigawatt, and we have carried out risk assessment committee for the Unit 1 of Shin-Hanul offshore wind in July of 2023.
Unidentified Company Representative
[Interpreted] To answer your question on the fuel cost pass-through unit price for the overall electricity, currently, it is true that the overall global
fuel price is on the trajectory to decline. However, at the moment, the oil price is uncertain and fluctuating. Therefore, at this point, we regret to
say that it's difficult to have a projection for the ongoing fuel cost. So we ask for your understanding.
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