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) [...]
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 [...]
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 [...]
SEOUL, Feb. 1 (Korea Bizwire) – The inter-Korean gap in electricity generation capacity hit an all-time high in 2015, data showed Wednesday, pointing to the widening difference in economic power between the rivals. South Korea’s power generation capacity stood at 97.6 gigawatts (GW) as of 2015, 13.1 times more than North Korea’s 7.4 GW, according [...]
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 [...]
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) [...]