Latest news with #KEPCO
Yahoo
2 days ago
- Business
- Yahoo
This Week In Energy Transition - India's Wind Power Surge Fueled By Innovation And Policy
India's wind turbine industry is poised for significant growth, driven by strong government support and innovative developments like wind-solar hybrid projects. The Indian government has implemented favorable policies and financial incentives, aiming to boost wind capacity to 140 GW by 2030. Despite challenges such as land acquisition and infrastructure bottlenecks, technological advancements in turbine efficiency and reliability are bolstering the role of wind energy in India's sustainable energy transition. The integration of wind and solar power sources is becoming increasingly popular, enhancing operational efficiency and stabilizing power supply. In other market news, was a standout up 6.9% and closing at ₩428,000, hovering around its 52-week high. In the meantime, trailed, down 11% to close at ₩27,200. A decline in fuel costs and higher nuclear utilization may rapidly boost KEPCO's earnings, influencing investor sentiment. Click here to explore the full narrative on Korea Electric Power. Check out "Opportunities In The Turbulent Transition To Greener Energy" for insights on upcoming investment chances in renewable stocks and nuclear energy; get in fast to spot potential opportunities amidst market shifts. ended the day at $308.58 up 4.6%. finished trading at $140.76 up 0.4%. closed at $160.16 down 3.7%. Click this link to deep-dive into the 157 companies within our Energy Transition Stocks screener including 3i Group, CTP and Kuehne + Nagel International. Seeking Other Investments? We've found 17 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "India Wind Turbine Industry Report 2025: $4.84 Bn Market Trends, Competitive Landscape, Forecasts & Opportunities 2021-2031 - Growing Government Policies, Rise of Wind-Solar Hybrid Projects" from Research and Markets on GlobeNewswire (published 06 June 2025) Companies discussed in this article include KOSE:A267260 NasdaqGS:TSLA NYSE:CVX NasdaqGS:FSLR and KOSE:A015760. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Korea Herald
29-05-2025
- Business
- Korea Herald
KEPCO in talks with Vietnam, Saudi Arabia, Turkey for potential power plant deals
The state-run Korea Electric Power Corp. has been in talks with Vietnam, Saudi Arabia, Turkey and other countries over potential nuclear power plant deals, the company said Thursday. KEPCO said a number of countries, including the three, are interested in South Korea's experience and capabilities proven by successfully constructing the Barakah nuclear power plant in the United Arab Emirates, vowing to work to win more export deals. South Korea won a 20 trillion-won ($14.5 billion) contract to build the Barakah plant in 2009, which marked the country's first-ever overseas nuclear power plant project. KEPCO completed the project last year, delivering four nuclear reactors to the UAE, which all entered commercial operation. Seoul also secured an estimated 26 trillion won project to build two nuclear power units at the Dukovany nuclear power plant in the Czech Republic last month, though the formal signing of the deal has been delayed due to the Czech court's injunction order temporarily halting the deal. "The UAE power plant construction project strengthened the overall sustainability of Korea's nuclear power industry and laid the foundation of the industry's overseas expansion," the Korean company said. "It served as a chance for local companies to enhance their engineering, procurement and construction capabilities," it explained. KEPCO said it plans to diversify its business portfolio in the Middle East, a significant market with increasing demand for renewable energy. The company was pushing to submit bids to six different energy projects in the region, including a nuclear power plant construction project and a combined heat and power plant project in Saudi Arabia, this year. (Yonhap)
ABC News
27-05-2025
- Business
- ABC News
NSW government approves KEPCO coal exploration licence extensions in Bylong Valley
The New South Wales Resources Department has granted extensions to two controversial coal exploration licences held by a South Korean energy company in the state's Bylong Valley. KEPCO, which has the South Korean government as its largest stakeholder, applied to renew the coal-specific licences in the valley in December 2024. Updates published to the NSW Resources Mining Titles Register show the two licences, which allow the company to explore for coal, now expire in early 2027. The extensions do not allow any mining to take place. KEPCO took over the coal deposit in Bylong in 2010 and spent $700 million on 13,000 hectares of land in the valley with plans to build an open cut and underground coal complex. Many landholders sold, and with the population dwindling local events ceased and services like the general store closed. The mine was rejected by the state's Independent Planning Commission in 2019 and subsequent appeals were knocked back by multiple courts. The High Court of Australia rejected the company's last-ditch appeal in February 2022, meaning it had exhausted its final legal avenue to develop the project. Bylong farmer Phil Kennedy said while it was confusing he was not surprised to hear the licences have been extended. "[The New South Wales Resources Department] don't want to give them the right to mine, yet they continue to give them a mining licence, so it's a bit confusing. A bit ambiguous," he said. "[KEPCO] have spend a lot of money [on land], they've put a lot at stake. "Maybe the government didn't want to rock too many boats and just rubberstamped it. The ABC's Stateline program visited Bylong earlier this year and heard from multiple landholders who said KEPCO has been silent on its plans for Bylong. Those landholders also called on the NSW government to be forthcoming with what it knows about KEPCO's plans for the region. Mr Kennedy, who is president of the Bylong Valley Protection Alliance, said locals were still yet to hear from KEPCO. He said rumours of a solar farm project being considered by the company seemingly fizzled since the end of last year. He said he was hopeful to meet with the government and discuss protecting Bylong from mining permanently and ensure its future as an agriculture region. "To bring [the land] back into private hands — to Australian farmers, mums and dads — would be great. "To put the valley off limits [to mining] once and for all would be good." The ABC attempted to contact KEPCO's Sydney office regarding the licence extensions but the company did not respond. The ABC has contacted NSW Resources Minister Courtney Houssos for comment.
Korea Herald
02-05-2025
- Business
- Korea Herald
Korea Electric Power Corporation Files 2024 Annual Report on Form 20-F
NAJU, South Korea, May 2, 2025 /PRNewswire/ -- On April 28, 2025, Korea Electric Power Corporation (NYSE: KEP) ("KEPCO") filed its annual report including audited consolidated financial statements on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission. The report is available at KEPCO's website, home. (Investor Relations – IR Information – U.S. Filing), as well as the U.S. Securities and Exchange Commission website, Investors may request a hard copy of the 2024 Annual Report on Form 20-F, free of charge upon request by sending an email to
Zawya
02-04-2025
- Business
- Zawya
Mitsubishi Power to supply gas turbines for projects in Saudi Arabia
Riyadh – Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries (MHI), recently received two major supply orders for the Rumah-1 and Al-Nairyah-1 Independent Power Plant (IPP) projects in Saudi Arabia, according to a press release. The orders are in cooperation with Doosan Enerbility Company, under which Mitsubishi Power will supply six state-of-the-art M501JAC gas turbines, generators, and auxiliary equipment for the project which is believed to play a main role in supporting the Kingdom's energy transition. President of Middle East and North Africa (MENA) at Mitsubishi Power, Khalid Salem, said: 'We are proud to partner with SEC, ACWA Power, KEPCO, and Doosan Enerbility on this landmark project, which underscores our commitment to advancing Saudi Arabia's energy infrastructure.' The Rumah-1 and Al-Nairyah-1 power plants are located in the central and eastern regions of Saudi Arabia and will be developed by a consortium comprising the Saudi Electricity Company (SEC), ACWA Power Company, and Korea Electric Power Corporation (KEPCO). Salem added: 'As the Kingdom continues its ambitious journey towards increasing the share of renewable energy in its grid, the Rumah1 and Al-Nairyah-1 plants will serve as cornerstones in ensuring grid stability and reliable power generation.' He elaborated: 'This collaboration not only strengthens our dedication to delivering cutting-edge, hydrogenready solutions but also marks a significant step forward in supporting Saudi Arabia's Vision 2030 and its broader ambition for a sustainable, low-carbon energy future.' The power plants will deliver a combined 3.6 gigawatt (GW), accounting for nearly 2.5% of the national grid's capacity. It is worth noting that Saudi Arabia's energy mix plan aims to integrate renewable energy and natural gas to each account for 50% of the Kingdom's electricity generation by 2030. These projects are also a key part of the Saudi Green Initiative, which seeks to achieve net-zero greenhouse gas emissions by 2060 or earlier, using a circular carbon economy approach. Mitsubishi Power began operations in Saudi Arabia with its first supply of boilers to Saudi Arabian Oil Company (Aramco) in Abqaiq in the 1960s. Source: Mubasher
