Dongdaemun-gu Forms Consortium with Korea East-West Power, Korea Energy Agency, and Energy X on the 28th
Signs Business Agreement with 8 Organizations Including 4 Local Universities and Traditional Market Merchants Association
Collaboratively Promotes 'Dongdaemun-gu Building Energy Efficiency Project'
Dongdaemun-gu, Seoul (Mayor Ilhyung Lee) announced on the 28th that it has formed a consortium with Korea East-West Power, Korea Energy Agency, and Energy X, and signed a Memorandum of Understanding (MOU) for the “Dongdaemun-gu Building Energy Efficiency Project” to achieve carbon neutrality, together with four local universities (Kyung Hee University, University of Seoul, Hankuk University of Foreign Studies, Samyook Health University) and the Traditional Market Merchants Association.
According to the Seoul Greenhouse Gas Inventory Report (December 2023), about 70% of Seoul’s greenhouse gas emissions in 2021 originated from buildings.
The district plans to apply the capital and technology of energy institutions to university and traditional market buildings with high energy consumption to reduce greenhouse gas emissions, increase energy self-sufficiency, and realize carbon neutrality.
The main contents of the agreement include ▲establishing a working council for the Dongdaemun-gu Building Energy Efficiency Project ▲forming a consortium of three energy institutions (Korea East-West Power, Korea Energy Agency, Energy X) and participating in the project ▲joint cooperation for energy efficiency on university campuses and implementing Green e-Campus ▲expanding energy efficiency efforts in building sectors including public and private buildings.
In particular, Korea East-West Power will participate in the project using the BOT (Build-Operate-Transfer) method, which involves conducting energy diagnosis and project design for universities and traditional markets, pre-investing in system construction costs, sharing energy savings profits during the project period, and transferring ownership (such as energy-saving systems) after the project period.
Korea Energy Agency, the only public institution implementing energy policies in Korea, will support the district with funds for rationalizing energy use, provide energy diagnosis, and offer policy consultation.
Energy X, which completed Korea’s first commercialized plus-energy building, will support the district with sustainable building technologies (eco-friendly design and management software technology, BIPV hardware technology).
Mayor Ilhyung Lee of Dongdaemun-gu said, “Through this MOU, we expect Dongdaemun-gu to lead improvements in energy efficiency in the building sector,” and added, “We will establish a Dongdaemun-gu type carbon neutrality realization model and spread excellent cases to other regions, advancing as a leading city for carbon neutrality.”
Attending the signing ceremony were Mayor Ilhyung Lee of Dongdaemun-gu, ▲Youngmoon Kim, President of Korea East-West Power ▲Sanghoon Lee, Chairman of Korea Energy Agency ▲Doohwa Hong, CEO of Energy X ▲Jinsang Kim, President of Kyung Hee University ▲Jungwoon Park, President of Hankuk University of Foreign Studies ▲Joohee Park, President of Samyook Health University ▲Hyuk Kim, Vice President for External Cooperation of University of Seoul ▲Uigeun Jeong, Chairman of Dongdaemun-gu Traditional Market Merchants Association.
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