WGEH PTY Ltd and KEPCO deepen collaboration

This follows on from the July 2023 Memorandum of Understanding signed by WGEH and KEPCO and marks another step towards the negotiation of a joint development agreement.

The collaboration agreement sets out a detailed plan for pursuing a full feasibility study for executing Stage 1 of the project, and covers:

•Advancement of project engineering and cost modelling.

•Collaborative engagement with key Korean and Australian authorities and potential sources of project support.

•Integration of respective Australian and Korean firms that may partner in executing the project, including with design, technology and construction; with service providers; and with potential offtakers.

The resulting feasibility study will guide further development work on WGEH Stage 1, which is expected to generate around 6 GW of hybrid wind and solar power, to produce up to 330 000 tpy of zero emissions green hydrogen. Ray Macdonald, WGEH CEO, said: “WGEH Stage 1 is potentially significant in positioning Australia as a major participant globally in the emerging green hydrogen sector, as well as contributing to meet emerging demand in the Korean marketplace.Progressing a feasibility study with KEPCO, which is a proven global performer with large - scale infrastructure projects, and with its extensive national and international network, is invaluable to realising this potential. The agreement offers several ‘learning spaces’ where both KEPCO and WGEH will leverage personnel, information, First Nations and government relationships, and industry and market contacts, each of which will be applied to the project."

Chanhyuk Chun, KEPCO VP and Head of Global Business Department, said: “We look forward to partnering with WGEH on the feasibility study and related opportunities. The agreeement enables us to tap into the expertise and experience of the WGEH team, as well as to be better prepared for a future in Western Australia and Australia."

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/02092024/wgeh-pty-ltd-and-kepco-deepen-collaboration/