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 [...]
YEONGDONG, Sept. 5 (Korea Bizwire) – A series of court rulings have been made indicating that local governments are justified in disallowing solar power facilities that are recklessly installed amid the renewable energy craze. On June 29, the Supreme Court rejected an appeal filed by a solar power company against Yeongdong County, North Chungcheong Province, [...]
SEOUL, Jan. 22 (Korea Bizwire) — The Ministry of Trade, Industry and Energy announced on Monday that it will include additional fine dust reduction measures in the 9th Basic Plan on Electricity Demand and Supply, which is to be established this year. The government plans to expand its policy to limit coal power plant output [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s state-utility firm said Thursday it has built a 3.5-megawatt floating solar farm on waters located at a coal-fired power plant to produce clean energy. The Korea East-West Power Co. (EWP) said it has installed solar panels on water near a coal ash deposit site at the Dangjin [...]