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Doosan Heavy uses SAP platform to develop power plant digital solutions
SEOUL -- Doosan Heavy Industries & Construction, a key contractor in South Korea's nuclear power industry, has forged a business partnership with SAP, a multinational software company, to develop digital solutions for its power equipment and desalination businesses. Doosan Heavy, a Doosan Group subsidiary, said Thursday that a memorandum of understanding was signed between the two companies during a business technology event hosted by SAP a
June 7, 2018
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Saudi Arabia wants joint development of next-generation vehicles
SEOUL -- Saudi Arabia is willing to invest actively in the joint development of electric and other next-generation vehicles with South Korea, its energy minister said Friday at talks with President Moon Jae-in. Saudi Energy Minister Khalid Al Falih also called for the joint development of new small or medium-sized nuclear reactors with the state-run Korea Atomic Energy Research Institute (KAERI), Moon's office said. Moon suggested that South Korea and Saudi Arabia can fin
May 4, 2018
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S. Korea to import more natural gas as part of new energy policy
SEOUL -- South Korea will increase imports of natural gas in line with President Moon Jae-in's drive to replace nuclear and fossil energy with alternative sources such as natural gas and renewables. The Ministry of Trade, Industry and Energy said that demand for natural gas would grow to 40.49 million metric tons in 2031 from 36.46 million tons this year. The ministry predicted that natural gas demand for power generation would see a gradual increase. South Korea
April 5, 2018
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Doosan's U.S. subsidiary wins deal to deliver battery energy storage system in Michigan
SEOUL -- Doosan GridTech, a Seattle-based software and solutions provider, has been selected to deliver a battery energy storage system for American energy provider Consumers Energy. Doosan GridTech, a U.S. subsidiary of South Korea's Doosan Heavy Industries & Construction, said that the storage system would be deployed at the Colony Farm substation in Kalamazoo, Michigan with a capacity of one megawatt which is enough energy to power 1,000 homes for an hour. Do
April 3, 2018
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New plant operator to build S. Korea's biggest floating solar power plant
SEOUL, Feb. 12 (Aju News) -- The state-run operator of nuclear power plants agreed Monday with a solar energy firm to build South Korea's biggest floating solar power plant capable of producing 100 megawatts of electricity on the surface of a man-made lake along the west coast. Korea Hydro & Nuclear Power (KHNP) said it signed a memorandum of understanding with Hwaseong Solar Energy and Hwaseong City to push for a solar energy project w
February 12, 2018
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Doosan Heavy considers selling off power plant division
SEOUL, Jan. 17 (Aju News) -- Doosan Heavy Industries & Construction, a key contractor in South Korea's nuclear power industry, is studying the possible separation of its power plant division for disposal due to an uncertain business outlook and liquidity woes, banking sources told Aju News. Doosan issued a statement on Wednesday, dismissing the potential sale as totally groundless. Growth in South Korea's nuclear power industry has been led by Doosan Heavy, a Doosa
January 17, 2018
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S. Korea and UAE discuss joint bid for Saudi nuclear project
SEOUL, Jan. 09 (Aju News) -- South Korea and the United Arab Emirates (UAE) discussed their joint bid for Saudi Arabia's nuclear project Tuesday and other issues related to nuclear cooperation between the two countries, officials said. The discussion was made at talks between Paik Un-gyu, Minister of Trade, Industry and Energy, and Khaldoon Khalifa Al Mubarak, a special envoy of the Crown Prince of Abu Dhabi, Paik's office said. Al Mubarak, chairman of the Executive
January 9, 2018
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Trade ministry to turn disused mine into solar power plant
Stock Photo SEOUL, Dec. 27 (Aju News) -- In an effort to utilize the area surrounding an abandoned coal mine and revitalize the local economy, South Korea's Ministry of Trade, Industry and Energy unveiled a plan to turn an old coal mine into a solar power plant. The trade ministry said in a statement on Wednesday that it would embark on 'solar mine' test project, which would create profit by building solar power plants on a waste ore y
December 27, 2017
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S. Korea pledges $101 bln investment in renewable energy by 2030
SEOUL, Dec. 20 (Aju News) -- South Korea mapped out a new energy roadmap calling for an injection of about 100 billion US dollars into renewable energy by 2030 to support President Moon Jae-in's campaign aimed at reducing the use of fossil and nuclear energy. The ratio of renewable energy in South Korea's total electricity output will increase from seven percent this year to 20 percent in 2030, the Ministry of Trade, Industry and Energy said Wednesday, call
December 20, 2017
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KEPCO head announces honorable resignation after potential deal in Britain
The head of Korea Electric Power Corp. (KEPCO), which produces home-made nuclear reactors, announced his honorable resignation, a day after the state utility firm was selected as the preferred bidder in a nuclear power project in Britain. KEPCO said President Cho Hwan-eik would resign in a ceremony on Friday, three months before his term expires. He took office in December 2012. "I've been thinking for a long time that I should open my way to my successor, but I
December 7, 2017
