Unannounced Blackouts Cause Huge Losses This Year

      December 08, 2011 09:57

      One in three factories, homes or stores across the country suffered damage due to unannounced power outages this year. According to KEPCO data, a total of 6.78 million factories, homes and stores out of the total 19.22 million were affected this year.

      That was a 14-fold increase from 478,596 in 2010. The reason was massive blackouts that affected the Yeosu petrochemical industrial complex in January, the whole country on Sept. 15, and the Ulsan petrochemical industrial complex on Tuesday.

      This was the first time the country's two largest petrochemical complexes suffered massive blackouts in the same year.

      Some 26 companies suffered losses of about W80 billion (US$1=W1,126) as a result of the blackout at the Yeosu complex, and Tuesday’s power outage in Ulsan caused an estimated losses of over W100 billion to 135 firms.

      Some 80 firms were affected at the Gumi industrial complex alone on Sept. 15. The amount of damage victims reported to the government after the blackout was a whopping W61 billion, bringing the total to at least W200 billion.

      And these are only a tally of blackouts caused by the breakdown of power transmission and distribution facilities between power plants and substations.

      But a KEPCO staffer said the damage is "impossible" to tally.

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