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KEPCO Board OKs Indonesian Coal Power Project amid Environmental Controversies

KEPCO Board OKs Indonesian Coal Power Project amid Environmental Controversies

SEOUL, June 30 (Korea Bizwire) — The board of South Korea’s state-run utility firm Korea Electric Power Corp. (KEPCO) on Tuesday approved a business project to build two units of coal power plants in Indonesia despite controversies over profitability and the environment. KEPCO clinched a deal with Indonesia-based PT Barito Pacific in May 2019 to [...]

S. Korea to Close Old Coal Power Plants in March-June to Reduce Fine Dust

S. Korea to Close Old Coal Power Plants in March-June to Reduce Fine Dust

SEOUL, Feb. 28 (Korea Bizwire) — South Korea’s industry ministry said Thursday it will suspend the operation of old coal power plants over the March-June period to cope with the intensifying level of fine dust in the country. The Ministry of Trade, Industry, and Energy said it will shut down four of the six plants [...]

S. Korea to Set Limits on Operation of Coal-fired Power Plants

S. Korea to Set Limits on Operation of Coal-fired Power Plants

SEOUL, May 23 (Korea Bizwire) — South Korea will adopt stronger regulations on aged coal-fired power plants and increase use of low-carbon fuels to reduce air pollution, the energy ministry said Wednesday. Paik Un-gyu, minister of trade, industry and energy, said the government will allow mayors and governors to set upper limits for the operation [...]

Environmental Groups Call for Greater Regulation of Conglomerates’ Coal-Powered Plants.

Environmental Groups Call for Greater Regulation of Conglomerates’ Coal-Powered Plants.

SEOUL, Oct. 6 (Korea Bizwire) — Environmental groups called for increased government regulations on privately owned coal-fired power plants’ claims that their coal plants are eco-friendly and provide clean energy. Greenpeace and the Green Consumer Network in Korea said that they presented a petition to the Anti-Corruption and Civil-Rights commission to regulate Posco Energy, SK [...]

More Clean Energy Translates to Bigger Electricity Bills Down the Road

More Clean Energy Translates to Bigger Electricity Bills Down the Road

SEOUL, Sept. 29 (Korea Bizwire) – The current presidential administration’s plans to phase out nuclear reactors and coal power plants will leave an increased electricity bill for future generations.  At a symposium attended by energy experts on September 28, professor Heoh Don of Kwangwoon University presented his research findings, which indicated that the cost per [...]