Korea

Though nothing has been finalized yet.

400 MW HVDC bi-directional transmission line to be operated.

In line with 2021 coal plant investments.

To replace closed nuclear reactors.

Power generators brace for margin pressures.

24 months was all it took.

The wind farm will yield 30MW capacity.

It's a 2-cylinder steam turbine.

What are the domino effects?

But here's how this can be acted upon.

Sign agreement to research and investigate plan. Korea Electric Power Corporation, En+ Group and the Skolkovo Institute of Science and Technology have signed a Memorandum of Understanding to do joint research into the integration of power systems of the Russian Federation and the Republic of Korea. Kepco is the largest electricity producer in South Korea. En+ is Russia's leading mining, metals and energy group while Skoltech is a new Moscow-based international university of science and technology created in partnership with the Massachusetts Institute of Technology. The research, which will be conducted at Skoltech, will focus on possible routes and volumes of electricity to be supplied from Russia to South Korea, and the options to exchange power flows for day/night and seasonal phases. The research should take two years. It is a part of the NEAREST project (North East Asian Region Electrical System Ties), an APEC initiative to integrate power systems of North East Asia countries including China, Japan, Mongolia, Russia, South Korea and some other economies. NEAREST aims to secure a more reliable power supply, lower electricity costs and reduce environmental impact of the energy sector. This initiative was announced at APEC Energy working group in November 2012 and supported by the governments of China, Russia, South Korea, Singapore and USA.

Plant is a joint venture with Oman. GS EPS Company has officially inaugurated phase three of its expansion plan, taking the total production capacity of its biomass-fueled power plant at Dangjin to 1,500 MW. The firm is a JV between Oman Oil Company, which holds 30%, and South Korean firm GS Holdings that owns the remaining 70%. Phase 1 of the plant has a capacity of 538 MW and was commissioned in 2001 while Phase 2 (550 MW capacity) was commissioned in 2008. Phase 3 has already begun. The Dangjin plant will become one of Asia’s largest biomass plants and will use a mix of agricultural and associated byproducts. The plant will be capable of generating 2,300 MW of electricity including 100 MW of biomass production to the three existing LNG fired combined cycle power plants. It is expected to be completed in 2015. GS EPS also owns and operates an LNG-fired combined cycle power plant and ancillary facilities in Pyongtaek. The plant sells its electricity to state-owned electricity utility Korea Electric Power Company.

Hanul No. 1 began supplying power this week. The reactor, located in Uljin county southeast of Seoul, is one of South Korea’s 23 nuclear reactors. It restarted after a scheduled maintenance shutdown. Five other reactors remain offline, leading to concerns about blackouts this winter. Tests conducted by the Nuclear Safety and Security Commission during the maintenance show that the performance and operation of the reactor and its related facilities were satisfactory. The reactor is operated by state-run utility Korea Hydro and Nuclear Power that operates all South Korea's nuclear reactors. These reactors supply a third of South Korea’s electricity. An ongoing scandal about nuclear safety certificates, however, has led to the indictment of 100 people for corruption, and to rising public discontent with nuclear power. A study group commissioned by the Ministry of Trade, Industry and Energy has recommended that nuclear power should be reduced to between 22% and 29% of overall generating capacity by 2035 compared to a government plan for 41% by 2030. The ministry could, however, revise its energy policy next month after public hearings.

Prepares to become first car maker to mass produce these cars. South Korean car maker Hyundai Motor Company is preparing to launch a hydrogen-powered vehicle equipped with an indigenous hydrogen fuel cell developed by the company. Hyundai believes Korea’s commercial market is cars powered by hydrogen fuel cells. Hyundai’s hydrogen fuel cell car is expected to be sold at a lower price than that a Japanese competitor and will be marketed before hydrogen-powered vehicles from other car makers.

It’s a new phase of scientific cooperation between Korea and the UK.

Sign a a Memorandum of Understanding.