Korea Western Power (KWP) has secured a landmark solar power project in the United Arab Emirates (UAE), marking the first time a South Korean company has won such a large-scale solar power project in the country. This project represents the largest single solar power project ever won by a Korean com
Competition to land a nuclear power plant order from the Czech Republic has been reorganized into a two-runner race between Korea and France after the United States has withdrawn from the competition. The scale of the nuclear power plant project has also increased from one to four reactors and the p
The Export-Import Bank of Korea (Eximbank) announced on Dec. 7 that it will provide a total of US$170 million in project financing (PF) for the Manah1 solar power project in Oman, which was secured by Korea Western Power (KOWEPO).The Manah1 solar power project, led by Oman’s state-owned Electricity
Korea East-West Power Corp. (EWP) announced on Oct. 30 that it has confirmed its participation in the construction of solar power generation facilities and an energy storage system (ESS) project for the environmentally friendly tourism city AMAALA currently being built off the Red Sea coast in Saudi
Huawei kicked off the 14th Global Mobile Broadband Forum in Dubai, UAE. Li Peng, Huawei's President of Carrier BG, delivered a keynote at the event. In his speech, Li called on global carriers and industry partners to rise to the occasion, address increasing demands on networks, and make the most of
On Sept. 13 (Korean time), LG Chem announced the inauguration of its European Customer Solution Center (CS Center) in Frankfurt, Germany. The opening ceremony was graced by the presence of LG Chem’s Petrochemical Division Chief Noh Guk-rae, the Deputy Mayor of Frankfurt, and other key executives and
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.With an equipment defect issue that arose last year now being resolved, the share of power generation in France represented by NPPs has recovered to the 72% level. Once the competitiveness of Élec
On June 27, Korea Hydro & Nuclear Power (KHNP) signed a 260 billion won (US$197 million) contract with Romania’s SNN to build a tritium removal facility (TRF), marking the second instance of nuclear equipment export under the Yoon Suk-yeol administration. While the country’s nuclear power plant expo
Korea Western Power (KOWEPO)has officially signed a contract for a solar power project in Manah, Oman.Korea Western Power attended the Oman Manah 500MW Solar Power contract signing ceremony in Oman on the 18th (local time). The event was hosted by the Oman Power and Water Procurement Company (OPWP),
Samsung Electronics and Qualcomm will become one team in an antitrust dispute trial against U.S.-based semiconductor company Broadcom. The two have agreed to do so as they have suffered from long-term exclusivity agreements that Broadcom demanded they sign. Qualcomm, which was fined 1 trillion won (
Korea Hydro & Nuclear Power (KHNP) and Westinghouse are expected to end their litigation with a U.S.-South Korea summit scheduled for this month.The litigation started in October last year with regard to the Dukovany Nuclear Power Plant in the Czech Republic. KHNP was trying to export an APR1400 rea
The Korea Electric Power Corp. (KEPCO) announced that it has won the 2022 Deal of the Year from the Project Finance International, a global financial magazine, for its successful financing of an UAE submarine transmission network project.An award ceremony was held in London, the United Kingdom, on F
For the upcoming Korean New Year, Pernod Ricard Korea has introduced whisky gift sets tailored to many different lifestyles and tastes of recipients, from whisky aficionados and for those that gift-giver wants to express gratitude and respect. Pernod Ricard offers and expands the range of options fo
Korea Hydro & Nuclear Power (KHNP) submitted its bid to the Czech government on Nov. 28 regarding the nuclear power plant construction project in Dukovany.The project is to build a PWR nuclear power plant and KHNP will compete with Westinghouse Electric Company and EDF. The contract will be signed i
UAE Barakah nuclear power plants built by South KoreaWestinghouse has become the company to build Poland’s first nuclear power plants. The American nuclear power company beat EDF and Korea Hydro & Nuclear Power (KHNP) in the project to build six pressurized water reactors, 6 to 9 GW each.Experts poi
Westinghouse Electric Co. filed a suit against Korea Hydro & Nuclear Power (KHNP) and Korea Electric Power Corp. (KEPCO) on Oct. 21. According to the American nuclear power company, KHNP’s APR-1400 reactor was developed based on Combustion Engineering’s System 80 and KHNP can export its reactor only
Korea Hydro & Nuclear Power (KHNP) is expected to sign a letter of intent with Poland's state-run power company PGE Polska Grupa Energetyczna and private firm ZEPAK within two weeks regarding a new nuclear power plant construction project. The project is to replace ZEPAK’s lignite power plant in
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Estimated at W10tn at minimum, KHNP (wholly-owned subsidiary of KEPCO)’s fair value alone explains KEPCO’s market cap. With large-size NPP exports taking off, KHNP’s value should only rise furthe
The world’s most favorite self-propelled howitzer has arrived in theUnited Kingdom, for the first time, ready to highlight its upgraded features.Hanwha Defense’s K9A2, an upgraded variant of the K9A1, will be on show at the Defence Vehicle Dynamic (DVD) exhibition at the UTAC Millbrook Proving Groun
The authors are analysts of NH Investment & Securities. They can be reached at ys.jung@nhqv.com. -- Ed. Continued shelling on Ukraine’s Zaporizhzhia NPP raises the specter of the 1986 Chernobyl disaster.Zaporizhzhia NPP under attackThough having fallen to the Russian army in March, Ukraine’s Zaporiz