K & M Engineering and Consulting Corporation (K&M) announced on Tuesday a strategic alliance with Korea Power Engineering Company (KOPEC) to jointly pursue power projects in the United States and selected international markets.
The two companies believe they can offer a depth of expertise in engineering, procurement and construction of power facilities and systems through the alliance. Between them, they have 2100 employees and 60,000 MW of plant capacity in operation or under construction.
At a time of surging US energy demand, this new alliance offers immediate resources and proven capabilities to power project sponsors and developers as they seek to keep pace with the market, said K&M Chairman and CEO Michael H. Kappaz in a joint statement.
KOPEC President and CEO, Yong-Taek Park, applauded the alliance and observed, “I know that this alliance will benefit from KOPEC’s extensive experience in the design and construction of state-of-the-art power plants in Korea and elsewhere. We hope to offer these skills in the engineering and construction of US power plants and contribute to the alleviation of the current electricity shortage.”
Washington D.C.-based K&M is an internationally recognized leader in infrastructure development, financing, engineering and construction. Since its foundation in 1987, K&M has been involved in the successful completion of $10 billion of infrastructure projects in the United States and 40 countries.
For over 25 years KOPEC has played a pivotal role in every phase of Korean nuclear, fossil and hydroelectric power plant design encompassing engineering services with related technology development and technical support services for operating plants. Moreover, the company has diversified into the areas of power transmission and distribution as well as project management services for other infrastructure facilities.