SEOUL, June 9 (Korea Bizwire) — Doosan Enerbility Co., a major South Korean plant builder, said Monday it has secured a 900 billion-won (US$664 million) contract to build a combined cycle power plant in Vietnam by 2028. Doosan Enerbility has formed a consortium with local plant engineering firm PECC2 to construct the 1,155-megawatt power plant [...]
SEOUL, Sept. 5 (Korea Bizwire) — Foreign Minister Cho Tae-yul has said South Korea’s nuclear power plant deal with the Czech Republic will be a “prime opportunity” for the two countries’ relations to advance to a new level, his office said Thursday. Cho made the remark during a meeting with Czech National Security Adviser Tomas [...]
SEOUL, July 31 (Korea Bizwire) — South Korea has begun commercial operations of a power plant installed with the country’s first homegrown gas turbine, its operator said Monday. Korea Western Power (KOWEPO) said it began operating the Gimpo Combined Heat and Power Plant in the city of Gimpo, west of Seoul, on Friday. The plant [...]
SEOUL, July 4 (Korea Bizwire) — South Korean top carmaker Hyundai Motor Co. has officially scrapped a plan to build a liquefied natural gas (LNG)-powered thermal power plant that it had pursued as part of a carbon neutral strategy. The company said it had mulled over constructing an LNG power plant to reduce carbon emissions [...]
SEOUL, May 10 (Korea Bizwire) — Hyundai Motor Co. is building a combined heat and power (CHP) plant fired by liquefied natural gas (LNG) at its mainstay plant in Ulsan, 414 km southeast of Seoul, to generate its own electricity. The carmaker recently submitted plans to Ulsan’s Buk District Office, which were posted as an [...]
SEOUL, Oct. 21 (Korea Bizwire) — POSCO Energy Co., a South Korean electricity provider, said Thursday it plans to sell its stake in a coal-fired thermal power plant project in Vietnam. The company said in a regulatory filing its board made the decision at a recent meeting to sell the 30-percent stake valued at 217.5 [...]
DANGJIN, May 25 (Korea Bizwire) — South Korea’s largest eco-friendly smart aquafarm, which uses hot wastewater from a thermal power plant, has opened in Dangjin, South Chungcheong Province. Local aquafarm operator Dangjin Farmers kick-started operations on Monday after completing a smart aquafarm that uses the hot wastewater from a coal-fired power plant run by Korea [...]
SEOUL, July 28 (Korea Bizwire) — Hanwha Energy Corp., an energy solutions affiliate of Hanwha Group, said Tuesday it has completed the construction of a hydrogen fuel cell power plant, the first of its kind and the largest in the world to be powered solely by hydrogen that is extracted as a byproduct from petrochemical [...]
SEOUL, April 8 (Korea Bizwire) — A local power company has embarked on a project to set up power facilities for hydrogen fuel cells using domestic technology. South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) announced Tuesday that it has extended the hydrogen pipelines installed in the Ulsan Industrial Complex and connected them with [...]
SEOUL, April 8 (Korea Bizwire) — A power plant site, once regarded as a place to avoid, has been renovated into a popular destination for both tourists and local residents to rest and enjoy sightseeing. The Korea Southern Power Co. (KOSPO), a state-run power firm, announced Tuesday that it had completed the first phase of [...]