| Title |
Optimization Strategies for KEPCO’s Asset Management Department Using Overseas Utility Case Studies |
| Authors |
Yechan Kim ; Minkyung Jeong ; Bonhyuk Ku ; Jaesang Kim ; Hyoungku Kang |
| DOI |
http://doi.org/10.5207/JIEIE.2025.39.3.206 |
| Keywords |
Asset management; Digital transformation; KEPCO; Organizational optimization; Predictive maintenance; Sustainability |
| Abstract |
Asset management in power systems is essential for ensuring grid reliability, optimizing asset performance, and supporting sustainable operations. This study examines the organizational structures and practices of asset management departments in leading international power companies, such as National Grid, SPEN (Scottish Power Energy Networks), ENWL (Electricity North West Limited), and others, to derive actionable insights for optimizing KEPCO’s (Korea Electric Power Corporation) asset management framework. Key findings highlight the integration of digital technologies (e.g., IoT, AI, big data) and the strategic positioning of asset management departments within organizations to enable real-time monitoring, predictive maintenance, and efficient resource allocation. For KEPCO, a phased implementation strategy is proposed: an initial focus on technical stabilization through collaboration with operations teams, transitioning to enhanced integration with planning functions for long-term investment strategies, and finally, establishing the department as a core entity within the executive decision-making process. The study emphasizes the necessity of a comprehensive approach incorporating digital transformation, regional asset management adaptations, and sustainable investment planning. These recommendations aim to strengthen KEPCO’s operational efficiency, support Korea’s energy transition, and achieve carbon neutrality goals. |