SEOUL, May 22 (Korea Bizwire) – The Korea Electric Power Corporation (KEPCO) announced plans last Friday to reduce emissions of fine dust particles from its coal-fired power plants in South Korea by 50 percent over the next five years. KEPCO and five of its affiliates held an emergency conference last week at KEPCO Art Center [...]
SEOUL, March 27 (Korea Bizwire) – The estimated value of land owned by South Korea’s 10 biggest business groups rose to a record high last year due in part to the purchase of the headquarters of the Korea Power Electric Corp. (KEPCO) by Hyundai Motors Co. and its affiliates, a market researcher said Monday. Hyundai [...]
SEOUL, March 22 (Korea Bizwire) – South Korea’s top power utility firm Korea Electric Power Corp. (KEPCO) is interested in participating in a British nuclear plant project, its chief said Wednesday. KEPCO is rumored to have been in talks with Japan’s Toshiba and French utility company Engie on buying a stake in their multi-billion dollar [...]
SEOUL, Sept. 30 (Korea Bizwire) – Some 670,000 households were unable to pay their electricity bill this year as of July, a report from the state energy supplier showed Friday, a tally that may increase after record summer heat is estimated to have jacked up the bill from using air conditioning. The report, submitted by [...]
SEOUL, Aug. 6 (Korea Bizwire) – Summer heat is scorching the peninsula, but Korean households are refraining from using air conditioning units, with widespread worry over electricity bill ‘surprises’ resulting from the national progressive electricity billing system. The system was instituted to encourage frugal energy consumption by charging higher rates for higher electricity use. But [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s state-run power supplier has devised a way to use utility poles as charging stations for electric vehicles, drastically cutting installation costs, its officials said Wednesday. Working with an idea submitted by one of its employees, the Korea Electric Power Corp. (KEPCO) said it will conduct a trial [...]
SEJONG, June 14 (Korea Bizwire) – The Korean government revealed Tuesday that it would relax regulations on the sale of electricity, which is currently monopolized by the Korea Electric Power Corporation (KEPCO). It also decided to launch IPOs for six KEPCO power generation companies, and two state-owned energy enterprises – the Korea Gas Technology Corporation (KGTC) [...]
SEOUL, May 25 (Korea Bizwire) – The Korea Electric Power Corporation (KEPCO) is participating in Dubai’s efforts to transform into a smart-energy city. KEPCO and DEWA (the Dubai Electricity and Water Authority) held a groundbreaking ceremony on May 24 for the pilot phase of a smart grid station (SGS) project, at DEWA’s vehicle workshop in [...]
SEJONG, Dec. 14 (Korea Bizwire) – South Korea’s state-controlled electric utility company on Monday said it has inked a deal to build and operate a wind power plant in Jordan. The US$510 million agreement calls for Korea Electric Power Corp. (KEPCO) to build the 89.1 megawatt Fujeij wind farm in the Middle Eastern country. The [...]
SEJONG, Oct. 29 (Korea Bizwire) — South Korea’s state-run power monopoly said Thursday that it has inked a smart grid system deal with Dubai that can lead to more business opportunities down the road. The US$3 million agreement with Dubai Electricity & Water Authority (DEWA) signed in the United Arab Emirates is the first smart [...]