Korea Water Resources Corporation (K-water) is a South Korean government-owned enterprise that operates in the water utilities sector. The company was established in 1967 with the aim of developing and managing water resources in the country. K-water is responsible for the construction and operation of dams, reservoirs, and other water infrastructure projects in South Korea. The company also provides water supply and wastewater treatment services to the public.
In recent years, K-water has been actively pursuing decarbonisation and renewable energy initiatives. The company recognizes the importance of reducing carbon emissions and transitioning to a low-carbon economy. K-water has set a target of reducing its greenhouse gas emissions by 30% by 2030, compared to its 2015 levels. To achieve this goal, the company is implementing various measures, such as energy efficiency improvements, the use of renewable energy, and the adoption of low-carbon technologies.
One of the key initiatives that K-water has undertaken is the installation of solar panels on the roofs of its facilities. The company has installed over 4,000 solar panels on its buildings, generating over 1.5 million kWh of electricity annually. This has helped K-water to reduce its carbon footprint and lower its energy costs. The company is also exploring the use of other renewable energy sources, such as wind and hydro power, to further reduce its reliance on fossil fuels.
In addition to its own renewable energy projects, K-water is also involved in corporate power purchase agreements (PPAs). These agreements allow companies to purchase renewable energy directly from generators, rather than relying on traditional utility providers. K-water has signed several corporate PPAs with renewable energy developers in South Korea, including solar and wind power projects. By supporting the development of renewable energy, K-water is contributing to the growth of the clean energy sector in the country.
K-water is also committed to improving its corporate energy management practices. The company has implemented an energy management system (EMS) to monitor and control its energy use. The EMS allows K-water to identify areas where energy efficiency improvements can be made and to track the effectiveness of its energy-saving measures. The company has also established an energy-saving committee to oversee its energy management activities and to promote a culture of energy efficiency within the organization.
K-water's efforts to promote decarbonisation and renewable energy are aligned with the South Korean government's goals of reducing greenhouse gas emissions and transitioning to a low-carbon economy. The government has set a target of achieving a 24.4% reduction in greenhouse gas emissions by 2030, compared to its 2017 levels. To achieve this target, the government has introduced various policies and incentives to promote renewable energy and energy efficiency. K-water's renewable energy initiatives and corporate PPAs are in line with these policies and demonstrate the company's commitment to supporting the government's decarbonisation goals.
In conclusion, Korea Water Resources Corporation (K-water) is a South Korean government-owned enterprise that operates in the water utilities sector. The company is committed to promoting decarbonisation and renewable energy initiatives, including the installation of solar panels, corporate power purchase agreements, and energy management practices. K-water's efforts are aligned with the South Korean government's goals of reducing greenhouse gas emissions and transitioning to a low-carbon economy. By supporting the development of renewable energy, K-water is contributing to the growth of the clean energy sector in the country.