SEOUL, May 31 (Korea Bizwire) — A new way has been paved for corporations to incorporate the massive trove energy-related big data held by the Korea Electric Power Corporation (KEPCO) into new energy business models. The Ministry of Trade, Industry and Energy announced today that KEPCO had signed MOUs with four corporations (KT, SKT, LG [...]
SEOUL, May 17 (Korea Bizwire) — The revival of U.S. sanctions on Iran for its nuclear program is feared to cast a cloud over projects pursued by the state-run Korea Electric Power Corp. (KEPCO) in the Middle Eastern country, the utility firm said Thursday. Defying opposition from its European allies, U.S. President Donald Trump abandoned [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea and the United Arab Emirates (UAE) discussed ways to step up nuclear cooperation as the Middle Eastern nation’s first nuclear reactor is set to start operations later this year, Seoul’s energy ministry said Tuesday. Paik Un-gyu, South Korean minister of trade, industry and energy, met with Khaldoon [...]
NAJU, South Korea, Dec. 8 (Korea Bizwire) – The head of the Korea Electric Power Corp. stepped down Friday, shortly before the end of his five-year term, after getting the state-run utility firm a step closer to securing a nuclear project in Britain. Cho Hwan-eik announced his decision to step down after KEPCO was selected [...]
SEOUL, Dec. 7 (Korea Bizwire) – The head of Korea Electric Power Corp. has offered to quit, the company said Thursday, after South Korea’s state-run utility firm was selected as the preferred bidder in a project to build a nuclear power plant in Britain. Cho Hwan-eik said he thought that by stepping down he can [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korea’s state-run utility firm Korea Electric Power Corp. was selected as the preferred bidder in a project to build a nuclear power plant in Britain, sources said Wednesday. Toshiba Corp., which has a 60 percent stake in the NuGen consortium in charge of building the nuclear power plant in Cumbria, northwest England, plans to announce soon that KEPCO has become the preferred bidder, according to industry insiders, who wanted to remain anonymous. Still, a KEPCO official said he is [...]
SEOUL, Nov. 30 (Korea Bizwire) — The state-run Korea Electric Corp. (KEPCO) said Thursday it will push to build electric vehicle (EV) charging stations in the Dominican Republic, a project worth US$30 million. The KEPCO signed a memorandum of understanding with the Dominican Republic’s National Energy Commission (CNE) in Santo Domingo, the capital city of [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea is stepping up its bid to take over stakes in a troubled nuclear project in Britain as the two countries agreed to step up cooperation in the sector, Seoul’s energy ministry said Tuesday. Energy ministers of the two nations signed a memorandum of understanding in their meeting [...]
JEJU, Nov. 23 (Korea Bizwire) – The Korea Electric Power Corporation has signed an agreement with Costa Rica that could see its smart energy city project adopted by the Central American country. Officials from KEPCO and ICE, a Costa Rican government-run electricity and telecommunications services provider, met earlier this month to sign a letter of intent [...]
GWANGJU, Nov. 2 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO) has looked into the potential for a power grid project in Northeast Asia encompassing South Korea, Japan, China and Russia, and concluded that it is feasible if the countries work together, the utility company’s chief executive said Thursday. “We have carried out [...]