Korea

KEPCO aims to link China, Russia, and Japan to cut domestic electricity costs and sell residual power.

Nuclear reactors’ utilisation rates could hit 80-85% in 2019-2020, lower than levels in 2014-2015.

It will fund new natural gas power plants in South Korea.

They are some of the countries where increasingly cheap batteries could be installed in more business premises.

It will receive $8.8b worth of investments for its development.

It inked a deal with the International Finance Corp. and the Trade Insurance Corp.

Construction is expected to start in 2019 and end by 2020.

Test runs on five plants which run on bunker-C oil ended positively.

Projects with over 1,000MW capacity will be offered by Czech Republic and Poland.

KOSPO and Hyundai Engineering are two of the consortium's members.

Ratepayers could save over US$43m, the agency said.

It has an exploration contract with the government until 2022.

But it will let Kepco revise its model and then compete with others.

The US$14.27m project can produce 750kW.

The share of coal is expected to decrease to 36% by 2030.

President & CEO Park Ki-Hong reveals the utility’s realigned focus on developing regional floating and utility-scale photovoltaic projects, and expanding its renewable energy business with overseas IPPs.