SEOUL, Dec. 26 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Monday that it has won an order, potentially worth over 2.7 trillion won (US$2.25 billion), to build two thermal power plants in India. The company has yet to officially sign the deal but said it has [...]
SEJONG, Sept. 23 (Korea Bizwire) – South Korea will map out a comprehensive plan to strengthen the safety measures of the country’s energy facilities by the end of this year following last week’s strongest earthquake that jolted the nation, the ministry here said Friday. An advisory committee comprised of experts from various fields, including geology [...]
SEOUL, Sept. 13 (Korea Bizwire) – A number of South Korean businesses were forced to halt their production and assembly lines for safety inspections Tuesday, one day after a powerful quake rocked the country. Nearly a dozen major industrial facilities, including a power plant, had their operations halted after a 5.8-magnitude earthquake jolted the nation, [...]
ULSAN, Aug. 2 (Korea Bizwire) – One of Korea’s major power producers, East-West Power Corporation (EWP), has been caught spilling 290 tons of polydimethylsiloxane (PDMS), an anti-foaming agent, and an oil mixture into Korea’s eastern seas. PDMS is a Y-class harmful liquid material according to the Marine Environment Management Act, and its marine discharge is [...]
YEONGWOL, South Korea, July 22 (Korea Bizwire) – Mongolian solar energy company Moshea Eco Energy and Idea Bridge, a Korean asset management firm, finalized a contract earlier this week to build a 50MW solar power plant on 100ha of land near a new airport, some 31km away from the capital Ulaanbaatar. The new plant will [...]
POHANG, June 6 (Korea Bizwire) – South Korean steel giant POSCO is faced with a dilemma over plans to build a new thermoelectric power plant. In an effort to tackle the prevailing issue of airborne fine dust particles, the Korean government revealed a new policy last Friday to shut down old coal-powered thermoelectric power plants, and [...]
TAEAN, May 25 (Korea Bizwire) – Chungnam’s Taean County will soon recycle empty oyster shells to desulfurize poisonous sulfur from power plants. Taean County is a big producer of oyster, producing 30,000 tons of shells each year. According to county officials, oyster shells have strong alkali properties, containing over 98 percent calcium carbonate, and are [...]
SEJONG, Apr. 30 (Korea Bizwire) — South Korea’s state-run power company said Thursday it has completed construction of the world’s largest diesel power plant in Amman, which is expected to generate some US$3.2 billion in sales over the next 25 years. The new power plant in the capital of Jordan has a maximum generation capacity [...]
SEOUL, Nov. 10 (Korea Bizwire) — The Capital Area Air Environment Protection Agency will hold an annual contest to give awards to winners in total air pollutant management plans on November 11 at the Korea Agro-Fisheries Trade Corporation building in Seoul’s Gangnam. The presentation session will announce four winning firms, 34 communities of practice, and three individuals [...]
SEOUL, June 24, 2014 (Korea Bizwire) – As POSCO Group acquires Tongyang Power, the company holding the license to build a thermal power plant in Samcheok, Gangwon Province, its energy unit POSCO Energy will be able to earn a stable stream of income from the power generation business. According to industry sources on June 20, the [...]