SEOUL, May 16 (Korea Bizwire) – President Moon Jae-in ordered a temporary shutdown of aged coal power plants Monday in an unprecedented move to fight air pollution. Under the order, eight coal fired thermal power plants that are aged 30 years or older will be closed for 30 days starting June 1, according to the [...]
SEOUL, March 14 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Tuesday that it has bagged a 300 billion-won (US$262 million) deal to upgrade an existing power plant in Indonesia. Under the deal with the state-run Indonesian PLN, Doosan Heavy and a state-run Indonesian construction firm will [...]
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 [...]