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Korea Western Power Co., Ltd.(KOWEPO), a leading supplier and innovator in the 21st century Korean power industry, started its power business in April 2001. KOWEPO takes up approximately 8.5% of the national generating capacity mostly comprised of thermal and combined cycle. KOWEPO was initiated in separation from Korea Electric Power Corporation under the Korea Power Industry Restructuring Act. KOWEPO is now in the process of deregulation and privatization process. KOWEPO has about 2,350 employees and its head office is located in Taean-gun, Chungcheongnam-do, Republic of Korea.