Hyosung Heavy to develop new systems for KepcoHyosung Heavy Industries, a power equipment manufacturer under Hyosung Group, said Monday it has signed a memorandum of understanding with state-run utility firm Korea Electric Power Corporation (Kepco) to develop upgraded power facility management systems.
Under the agreement, the two sides will cooperate on developing maintenance and diagnostic solutions for power facilities.
The deal will allow its asset management system to use Kepco’s data on power facility operation and maintenance, according to Hyosung Heavy.
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