South Korea

October 24, 2016 09:39 AM Eastern Daylight Time SEOUL, Korea–(BUSINESS WIRE)–Today, Westinghouse Electric Company and Korea Hydro & Nuclear Co. Ltd. signed a memorandum of understanding (MOU) to form a technological exchange committee to promote a discussion and exchange of engineering capabilities between both organizations. The bilateral MOU will fully engage the partners’ capabilities in […]

Includes more than $660 million in Power Services orders First total power island order in Asia and first HRSG technology use following Doosan acquisition in August 2016 Strong customer support of high efficiency solutions throughout region September 19, 2016 09:00 PM Eastern Daylight Time SEOUL, Korea–(BUSINESS WIRE)–GE Power, a division of GE (NYSE:GE), today announced […]

When completed, the 36-megawatt frequency regulation project will increase the total ESS capacity delivered by Kokam to South Korean utility KEPCO to 92-megawatts  Seoul, South Korea – August 8, 2016 – Kokam Co., Ltd, the world’s premier provider of innovative battery solutions, today announced that South Korea’s largest utility, Korea Electric Power Corporation (KEPCO) [NYSE: KEP], […]

Court Forces Bulgaria to Pay for One of Two Canceled Reactors at Belene. Bulgaria’s National Electricity Co.(NEK) should pay Russia’s Atomstroyexport nearly $620 million in compensation for its canceled two-unit Belene nuclear plant, an international arbitration court in Geneva ruled in mid-June. The 2-GW plant was in the offing for more than two decades before NEK […]

In a major shakeup of a power sector currently monopolized by a state-owned giant, South Korea has moved to partially open its electricity generation market to private companies in a bid to improve efficiency

The world’s power sector last year emitted a third of global sulfur dioxide (SO2) emissions, 14% of nitrogen oxides (NOx), and 5% of total particulate emissions (PM2.5), but those emission values have fallen drastically over the last decade even though coal power generation has seen a surge, the International Energy Agency (IEA) said in a […]

The world’s frenzied economic growth through 2040 won’t be matched by electricity demand growth, the Energy Information Administration (EIA) says in the International Energy Outlook 2016 (IEO2016 ) released on May 11. World net electricity generation will jump 69% by 2040, the IEO2016 reference case projects, but that is still well below “what it would […]

The world’s first 1,400-MW Advanced Pressurized Reactor (APR1400), a South Korean Generation III design, has now been connected to the grid. Nearly eight years since construction kicked off in October

Editors note: Corrected (Dec. 7). A previous version of this infographic listed Russia’s nuclear total as 1.9 GW. It is 2.9 GW.

Nuclear costs aren’t on the rise globally as has been widely thought, says a new report from the International Energy Agency (IEA) and Nuclear Energy Agency (NEA) surveying the levelized cost of generating electricity (LCOE).  The eighth edition of the report, “Projected Costs of Generating Electricity” compiles data for 181 plants in 19 OECD and […]