Korea firm eyes US$30.0M to build electric vehicle charging stations
Santo Domingo.- The company Korea Electric Power Corporation (KEPCO) on Thurs. said it will promote the construction of electric vehicle charging stations (EV) in the Dominican Republic at a cost of US$30.0 million.
According to Yonhap cable service, the Korean company will install 160 charging stations for electric vehicles in three cities and will collaborate with local communities in the renewable energy sector.
KEPCO signed a MoU with the National Energy Commission (CNE) to establish the country’s electric vehicle charging infrastructure, to meet the expected growth in the demand for green vehicles.
This is KEPCO’s second project to build electric car infrastructure in Latin America, with Ecuador in the offing.
It notes that since Dominican Republic’s widest point is 265 kilometers, a fully charged vehicle can reach most of it.