Incheon City is working to attract future energy industries that will lead the way in carbon neutrality to Yeongheungdo in Ongjin County.
On the 21st, the city signed a memorandum of understanding with 10 public institutions and companies, including major domestic energy corporations, to jointly conduct a preliminary survey for the development of the "Incheon Yeongheung Future Energy Park."
The agreement includes participation from public institutions such as Ongjin County, Korea South-East Power, Korea National Oil Corporation, Incheon Urban Development Corporation, Incheon Institute, and Incheon Technopark, as well as private companies including Samsung C&T, HDC Hyundai Development Company, GS Energy, and Aprotium.
On the 21st, at Incheon City Hall, Yoo Jungbok, Mayor of Incheon, along with representatives from 10 public institutions and companies, are taking a commemorative photo at the "Yeongheung Future Energy Park Development Preliminary Survey Consortium Agreement Ceremony." Photo by Incheon City
The city plans to form a consortium with these organizations to establish a collaborative system and jointly conduct a preliminary feasibility study for the Future Energy Park development project. Specifically, the consortium will work on project identification, feasibility analysis, analysis of development costs, strategies for attracting investment, development of profit models involving local residents, and plans to expand transportation infrastructure.
Starting next month, the city will launch a research service and, based on the results, determine whether to proceed with the development of the Yeongheung Future Energy Park.
Mayor Yoo Jungbok stated, "Together with the participating organizations, we will lead the transition to future energy industries such as carbon-free power generation and offshore wind power."
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