Suwon City and Korea Electric Power Corporation Sign Memorandum on Energy Efficiency Improvement for Apartment Complexes

[Suwon Ilbo=Reporter Seo Dong-young] Suwon City signed a "Memorandum of Understanding on Energy Policy Linkage for Energy Efficiency Improvement in Apartment Complexes" with Korea Electric Power Corporation's Gyeonggi Headquarters (Head: Kim Gap-soon) on the 19th in the afternoon at the office of the Vice Mayor at City Hall.

The memorandum was signed for the two institutions to cooperate in implementing an energy efficiency improvement project for apartment complexes in response to the national energy crisis and to reduce carbon emissions.

The signing ceremony was attended by Cho Mu-young, Vice Mayor of Suwon City, Kim Gap-soon, Head of Korea Electric Power Corporation's Gyeonggi Headquarters, Lee Beom-seon, Director of Suwon City's Environment Bureau, and other officials from both organizations.

Through the memorandum, the two institutions decided to provide subsidies to expand the distribution of high-efficiency energy devices within common facilities of apartment complexes in Suwon. The project will be implemented through the city's subsidy project and Korea Electric Power Corporation's support project.

In particular, the city will provide up to 10 million won per facility for LED lighting replacement in apartment complex underground parking lots and 500,000 won per unit for the installation of regenerative braking devices on elevators.

Korea Electric Power Corporation plans to provide up to 100 million won per facility for residential LED lighting replacement and 500,000 won per unit for the installation of regenerative braking devices on elevators.