Korea East-West Power (EWP) split from KEPCO in April 2001, following the restructuring of the electrical industry which led to the formation of six power generation companies in Korea. EWP has led Korea’s power generation business for the past five years. EWP operates six power plants and owns power generator equipment, including what is under construction, with a total capacity of 9.5 million KW, which will constitute 15% of local power generating equipment. With 2,094 employees, EWP had revenues in 2005 of 2,175.3 billion krw, and assets of 4,459.9 billion krw.