Doosan Enerbility is concentrating its efforts on preoccupying the nascent small module reactor (SMR) market. It has decided to invest in X-Energy, a U.S. SMR technology developer, following its investment in NuScale Power, another U.S. SMR technology pioneer.Doosan Enerbility announced on Jan. 18 t
DL E&C announced on Jan. 18 that he has decided to make a strategic investment in X-Energy, a U.S. company developing small modular reactor (SMR) technology.DL E&C will invest US$2 million to take over the convertible bonds issued by X-Energy. Doosan Enerbility, a domestic nuclear power equipment co
Korea Electric Power Corp. (KEPCO) has signed an agreement with the UAE’s Emirates Nuclear Energy Corp. (ENEC) to expand nuclear power for sustainable energy security and strengthen cooperation in developing net-zero technologies.On Jan. 15 (local time), KEPCO CEO Cheong Seung-il, who accompanied Ko
The South Korean government announced on Jan. 15 that the UAE decided to invest US$30 billion in South Korea, mainly in the fields of nuclear power generation, energy, national defense and future industries.South Korean President Yoon Suk-yeol is currently staying in the UAE along with the heads of
Korea Hydro & Nuclear Power (KHNP) announced on Jan. 15 that it has signed a memorandum of understanding (MOU) with the Emirates Nuclear Energy Corp. (ENEC) of the UAE for cooperation in net zero acceleration under the Joint Declaration on Korea-UAE Comprehensive Strategic Energy Partnership.KHNP CE
The Ministry of Trade, Industry and Energy announced that South Korea’s annual nuclear power generation would be 201.7 TWh and its ratio to the total would be 32.4 percent in 2030 according to its long-term plan finalized on Jan. 12.In addition, LNG-based power generation and renewable energy-based
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In 2022, India produced 860mn tons of coal (+13% y-y), making it the second-largest consumer of coal after China. The produced coal is mainly used for domestic demand, with more than 75% used for
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Europe’s energy crisis woes should lessen on reduced electricity demand stemming from both abnormally high winter temperatures and improved wind conditions. Even if the remainder of the winter se
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Impacted by cost burden, Hyundai E&C’s 4Q22 OP is expected to miss consensus. However, in 2023, the overseas business is forecast to expand, centering on the Saudi Arabia NEOM project and NPP pro
South Korean President Yoon Suk-yeol is scheduled to visit the UAE this week. Samsung Electronics chairman Lee Jae-yong, Hyundai Motor Group chairman Chung Eui-sun, SK Group chairman Chey Tae-won and Hyosung Group chairman Cho Hyun-joon are scheduled to accompany him.According to the Korea Internati
Korea Hydro & Nuclear Power (KHNP) and the Ministry of Energy and Mineral Development of Uganda are discussing South Korea’s participation in Uganda’s nuclear power plant construction project.The US$9 billion project is to build two 1,000 MW reactors. The IAEA approved the project in May last year a
The South Korean government announced on Jan. 8 that hydrogen produced in Malaysia and the UAE would be imported in 2027 and later for the purpose of power generation and export after conversion into ammonia.The hydroelectric power generation-based hydrogen in Malaysia is scheduled to be supplied by
Samsung Heavy Industries announced on Jan. 4 that it has completed the concept design of a compact molten salt reactor (CMSR) power barge, a floating facility for offshore nuclear power plants, and obtained a certification from the American Bureau of Shipping (ABS). This power generation facility us
Doosan Group is better prepared in the nuclear power plant and hydrogen sectors than any other company in the world, the group's chairman said in his New Year’s message to employees on Jan. 1.“Although a tougher business environment is expected in 2023, let’s look for growth opportunities in the
Romanian Prime Minister Nicolae Ciuca and Defense Minister Angel Tilvar visit South Korea on Dec. 20. They are likely to discuss arms purchase from South Korea.South Korean National Assembly Speaker Kim Jin-pyo visited Romania in August this year and their visit is a return visit. At that time, the
The combined capacity of renewable energy facilities in South Korea topped 30 GW this year. This is desirable in terms of reducing the use of fossil fuels to achieve carbon neutrality.One problem is that renewable energy sources do not guarantee constant power generation in all hours and weathers, a
Shin Hanul Unit 1, the first nuclear power plant in Korea built with 100 percent localized core equipment, has started commercial operations, after a delay of more than five years from the original schedule. To mark the plant's completion, a ceremony was held in Uljin, North Gyeongsang Province,
Korea Electric Power Corp. (KEPCO) is discussing cooperation in nuclear power plant construction with Turkey.The two sides are promoting the construction of four Korean-type APR1400 nuclear power plants in the northern region of Turkey, KEPCO said on Nov. 14.The project cost is expected to exceed th
A South Korean consortium is expected to invest US$130 million in X-Energy, an American private nuclear reactor and fuel design engineering company.The consortium is expected to include Doosan Enerbility and DL E&C and its equity ratio is estimated to be 5 percent. PEF Whale Investment is planning t
LS Cable & System announced on Dec. 9 that it has signed a contract worth 150 million euros to supply extra-high voltage submarine cables to Hai Long Offshore Wind Farm in Taiwan.The Hai Long wind power generation complex is the largest offshore wind farm in Taiwan. When completed in 2026, it will b