SEOUL, Aug. 25 (Korea Bizwire) — South Korea has won a 3 trillion won (US$2.25 billion) deal to build a nuclear power plant in Egypt, delivering a boost to the languishing nuclear power industry at home, a presidential official said Thursday. Under the deal, which was signed in Cairo the same day, South Korea’s state-run [...]
SEOUL, Aug. 24 (Korea Bizwire) – South Korean builder Samsung C&T Corp. said Wednesday it has clinched an 800 billion-won (US$598 million) deal to build a massive solar farm in Qatar. Under the deal with Qatar’s state-run QatarEnergy, the construction unit of Samsung Group will construct a 417-megawatt solar power plant in Mesaieed, some 40 [...]
SEOUL, Aug. 24 (Korea Bizwire) — An annual international exhibition on the hydrogen industry will kick off in South Korea next week, bringing together companies, government officials and other experts from home and abroad to seek ways to boost the emerging sector cited as a future energy source. The H2 MEET exhibition and conference will [...]
SEOUL, Aug. 2 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it will ship 27 hydrogen-powered trucks to Germany in its second European export deal for the zero-emission commercial car. Hyundai will supply 27 Xcient hydrogen fuel-cell electric trucks to seven German companies. The German firms will receive local government subsidies for environment-friendly commercial cars, [...]
SEOUL, July 28 (Korea Bizwire) — South Korean builder SK ecoplant Co. plans to develop a technology to directly produce hydrogen from organic waste resources under an industry, academia and research institute collaboration system. The company said Wednesday it will jointly carry out the state project “Future Hydrogen Original Technology Development” launched by the National [...]
SEOUL, July 27 (Korea Bizwire) — South Korea held a ceremony to mark the completion of a new hydrogen production plant in the city of Pyeongtaek, the first such facility in the metropolitan area, the industry ministry said Wednesday. The base in Pyeongtaek, some 70 kilometers south of Seoul, is the country’s second hydrogen production [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s state-run Korea Electric Power Corp. (KEPCO) said Wednesday it has built a 60-megawatt solar farm in Guam, a move that could help reduce the U.S. Pacific territory’s dependence on imported oil and boost access of its people to clean electricity. KEPCO said it held a ceremony earlier [...]
SEOUL, July 12 (Korea Bizwire) — The industry ministry vowed Tuesday to provide companies in the nuclear power industry with work worth 130 billion won (US$99.04 million) this year in an effort to rebuild the sector and expand nuclear power generation. The work to be provided this year will be meant to improve related facilities [...]
SEOUL, July 7 (Korea Bizwire) — The Korea H2 Business Summit, a hydrogen council established primarily by major companies such as Hyundai Motor, SK and POSCO, on Wednesday set up a fund to promote the hydrogen industry. The fund worth 500 billion won (US$383 million) will be established via investments from domestic member companies and [...]
SEJONG, July 5 (Korea Bizwire) — South Korea will expand its generation of nuclear power to more than 30 percent of its total energy creation by 2030 as part of efforts to boost energy security and better meet carbon neutrality goals, the industry ministry said Tuesday. The Yoon Suk-yeol government has pledged to reverse the [...]