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 [...]
GWANGJU, Nov. 1 (Korea Bizwire) — Global electric power experts and engineers gathered in South Korea on Wednesday to exchange views on the future of the power industry at an exhibition hosted by the state-run Korea Electric Power Corporation (KEPCO). The Bitgaram International Exposition of Electric Power Technology (BIXPO) kicked off its three-day run in [...]
SEOUL, Oct. 27 (Korea Bizwire) – The three-month construction suspension of two nuclear reactors in the southeastern industrial city of Ulsan will likely have cost the country’s state-run utility company 75.8 billion won (US$67.1 million) in lost profit, an opposition lawmaker said Friday. The Moon Jae-in administration on Tuesday decided to restart work on the [...]
SEOUL, Oct. 17 (Korea Bizwire) – KEPCO (Korea Electric Power Corporation) announced on October 16 that it had held a commemorative ceremony for the successful construction of a one-megawatt demonstration plant capable of separating up to 90 percent of carbon dioxide from emissions. The plant is located at a thermal power station of the Korea [...]
SEOUL, Oct. 10 (Korea Bizwire) — The South Korean government vowed Tuesday to support local companies’ bids to export nuclear reactors overseas, in a move to ease concerns that its nuclear phase-out plan could adversely affect efforts to new secure contracts. The Ministry of Trade, Industry and Energy held a meeting with state-run utilities, construction [...]
SEOUL, Sept. 19 (Korea Bizwire) – South Korea is eyeing Saudi Arabia’s first nuclear power plant project, hoping to export its nuclear technology following a 2009 deal with the United Arab Emirates (UAE), the government said Tuesday. Saudi Arabia, the world’s largest crude exporter, is set to announce a plan to build two nuclear reactors [...]
DANBURY, Conn., Sept. 5 (Korea Bizwire) — FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced a 20 megawatt fuel cell project with Korea Southern Power Company (KOSPO). The SureSource 3000™ power plants will cleanly produce electricity and [...]
SEOUL, Aug. 23 (Korea Bizwire) – Korea Electric Power Corp. (KEPCO), the state-run public utility firm, signed on as a corporate sponsor for the 2018 PyeongChang Winter Olympics on Wednesday. KEPCO is the first public corporation to lend support to PyeongChang 2018. As a “Tier One” partner, KEPCO reserves a wide range of marketing rights, [...]