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Magpie Nests Remain a Challenge for KEPCO Despite Annual Nesting War

Magpie Nests Remain a Challenge for KEPCO Despite Annual Nesting War

SEOUL, March 13 (Korea Bizwire) —Employees at the state-run utility Korea Electric Power Corp. (KEPCO) are waging a yearly “nesting war” in spring to prevent magpie nests from causing power outages. As urbanization continues and trees are replaced by buildings, magpies have taken to building their nests on utility poles. Magpies begin constructing their nests in [...]

National Assembly Approves Bill to Raise Ceiling on Debt-ridden KEPCO’s Bond Issuance

National Assembly Approves Bill to Raise Ceiling on Debt-ridden KEPCO’s Bond Issuance

SEOUL, Dec. 28 (Korea Bizwire) — The National Assembly on Wednesday approved a legal revision meant to raise the ceiling on bond issuance by money-losing state-run Korea Electric Power Corp. (KEPCO) in order to prevent a liquidity crisis at the firm and ensure stable power supply. The partial revision allows KEPCO to raise its bond [...]

KEPCO Reports Snowballing Deficits Despite Higher Demand for Electricity

KEPCO Reports Snowballing Deficits Despite Higher Demand for Electricity

SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s state power utility has reported snowballing deficits despite an increase in sales of electricity. The Korea Electric Power Corp. (KEPCO)’s sales of electricity for the January to August period of this year stood at 370,854 gigawatt hours (GWh), up 4 percent from a year ago. However, due [...]

KEPCO Eyes More Coal-fired Power Generation to Cut Costs

KEPCO Eyes More Coal-fired Power Generation to Cut Costs

SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s state power utility said Wednesday it plans to increase coal-fired electricity generation temporarily this year in an effort to cut costs and boost financial health. Korea Electric Power Corp. (KEPCO) said it will produce 12.8 terawatt hours (TWh) with coal this year instead of using liquefied natural [...]

KEPCO Units Plan to Slash Investment in Renewable Energy

KEPCO Units Plan to Slash Investment in Renewable Energy

SEOUL, Sept. 9 (Korea Bizwire) — Six affiliates of the state-run Korea Electric Power Corp. (KEPCO) plan to cut their investment in renewable energy over the next five years as they are under pressure to improve their worsening financial health, according to a report on Friday. The six affiliates, including Korea Energy and Korea East-West [...]