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S. Korea’s Coal Use for Power Generation Dips 7 pct in 2019

S. Korea’s Coal Use for Power Generation Dips 7 pct in 2019

SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s coal consumption for electricity generation decreased 7 percent in 2019 from a year earlier due to its efforts to cut carbon emissions, a report said Monday. Asia’s fourth-largest economy consumed 94 million tons of coal to generate electricity, compared with 101 million tons a year earlier, according [...]

Abandoned Biomass Used to Produce Wood Pellets for Power Generation

Abandoned Biomass Used to Produce Wood Pellets for Power Generation

DAEJEON, Dec. 27 (Korea Bizwire) — Felled trees and timber abandoned at lumber sites will be recycled to generate eco-friendly electricity. The Korea South-East Power Co. signed a three-year contract with a South Korean pellet fuel manufacturer to use 215,000 tons of abandoned biomass each year to produce pellet fuel that can generate electricity. Biomass [...]

Sciaky Receives Order for Multiple Electron Beam Additive Manufacturing (EBAM®) Systems to Strengthen America’s Defense and Power Generation Programs

Sciaky Receives Order for Multiple Electron Beam Additive Manufacturing (EBAM®) Systems to Strengthen America’s Defense and Power Generation Programs

CHICAGO, May 21 (Korea Bizwire) — Sciaky, Inc., a subsidiary of Phillips Service Industries, Inc. (PSI) and leading provider of metal additive manufacturing (AM) solutions, announced today that it has received an order for multiple Electron Beam Additive Manufacturing (EBAM®) systems to bolster the nation’s defense and power generation programs. Details of the project are [...]

S. Korea’s Coal-fired Power Generation Hits Record High Levels in 2017

S. Korea’s Coal-fired Power Generation Hits Record High Levels in 2017

SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s coal-fired power generation reached new highs in 2017, despite government efforts to switch to clean renewable sources, such as solar and wind power, official data showed Sunday. Statistics by the state-run Korea Electric Power Corp. (KEPCO) said the country’s coal-based power generation totaled 217,037 gigawatt hour (GWh) [...]

Dependence on Coal-fired Power Output Still High

Dependence on Coal-fired Power Output Still High

SEOUL, Jul. 17 (Korea Bizwire) – South Korea’s coal-fired power generation increased this year as the country’s new government vows to reduce its dependence on fossil fuels and nuclear power, industry data showed Monday. According to the data compiled by the Korea Power Exchange, coal-fired power generation reached 95,550 gigawatt-hours (GWh) in the first five [...]

Geothermal Power Plant is a First for Korea

Geothermal Power Plant is a First for Korea

POHANG, Feb. 15 (Korea Bizwire) – Electricity generated from geothermal energy will soon be distributed to South Korean households for the first time in history.  The electricity will come from Pohang, a city on the southeast coast of the Korean Peninsula, which has been making use of geothermal energy some four kilometers below the surface [...]

S. Korea to Build World’s Largest Floating Power-Generating Facilities

S. Korea to Build World’s Largest Floating Power-Generating Facilities

SEOUL, Nov. 25 (Korea Bizwire) – K-Water, South Korea’s state water resources company, said Friday that it has begun to raise funds worth about 100 billion won (US$84 million) to build the world’s largest floating power-generating facilities.  The energy company said it plans to sign deals with institutional investors by March next year to build [...]

Korean Energy Companies to Go Public

Korean Energy Companies to Go Public

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) [...]