Kwanghee Park specializes in technical development of overseas and domestic power businesses with over 7 years of experience. After graduating from Hongik University with a degree in mechanical engineering, he started his career in technical development at Lotte Engineering & Construction by taking part in a number of overseas power plant projects, including overseas projects of IPP 2 & 3 and Attrat Power Plant in Jordan, Talimarjan Combined Cycle Power Plant (CCPP) in Uzbekistan, Bhola & Sirajganj CCPPs in Bangladesh and the Mid-Speed Diesel Power Plant in Angola.
As a part of the development section at DAELIM Energy’s New Market Development Team, Kwanghee Park is responsible for overall technical aspects of business development such as analyzing the technical feasibility and risk factors for domestic and overseas IPP businesses, formulating winning strategies, negotiating in the area of technology for project agreements (PPA/FSA/EPC/O&M and etc.) and reviewing the technical input of financial models. He is currently in charge of the IPP bidding projects in Mexico and of technical due diligence works for the takeover of power plants in the Asian market.
"What has been the most challenging part of your job at DAELIM Energy?"
As the technical leader for thermal power plant takeover project in South Asia, I was in charge of a number of tasks, from selecting a technical consulting company for the project to finalizing the technical parameters for the bidding price by overseeing the entire technical due diligence process. Because of the nature of takeover businesses, it was crucial to complete technical due diligence processes within the limited allowable time, such as demonstrating the operation record of the power plant over the period as well as predicting technical parameters for valuations. To complete the due diligence in a timely manner, as a technical leader of the project, I frequently had to arrange numerous meetings and conference calls among stakeholders to get the job done. In the end, it was successful.
"Could you explain just how global your job responsibilities are?"
The IPP bidding and takeover projects in which I am currently engaged are all based overseas. So, I typically begin my day by checking all emails from our counter-companies mostly based overseas. Furthermore, once an internal risk analysis is initially conducted for each project with a positive cue, the selection processes for the most suitable technical consulting company will follow. In general, different level of selection works such as RFQ issuance, clarification, negotiations and contracts will be done in English as most of the projects that I am involved in are based on international markets.
While proceeding with the projects, it is crucial that I, as technical leader of the project, formulate and develop prevailing strategies by frequently communicating with our business partners via conference calls or meetings.
"How would you rate the global competitiveness of yourself and your team?"
I can guarantee that there is no other company that has team members with as much talent and experience in the field as those at DAELIM Energy. They have led numerous domestic and overseas IPPs and development projects to success, such as Jordan’s IPP3, listed in the Guinness World Records as the world’s largest diesel power plant, as well as the Norte II project, Korea’s first-ever IPP business in Mexico. I have also taken part in various IPPs and development projects abroad including Angola, Uzbekistan, Bangladesh and Jordan. For the Jordanian project, I was in charge of winning the order to build the second IPP of CCPP, contributing to roughly 15% of the total amount of electricity demand in the country. I was also responsible for conducting the commissioning and performance tests to ensure that the plant was successfully commissioned and completed per client’s requirements.
"Where do you see yourself in five years?"
My primary goal is to play a main role in contributing to DAELIM Energy becoming a leader in the international IPP market by winning the current bidding projects. In order to contribute to DAELIM Energy’s global businesses, I plan to accumulate more knowledge not only by gaining a competitive edge in technical innovation but also expanding my expertise in finance, sharpening my business vision and strengthening my global capacity. By doing so, I am confident that my goal will be achieved with DAELIM Energy’s dominance in the IPP market.