IMG.gif

Corporate: Kepco Struggles With High Fuel Costs and Slow Tariff Hikes

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Kepco,Korea,Nuclear
2019 Ki young/Shutterstock

Soaring fuel costs and an inability to fully pass on fuel costs in power tariffs plunged South Korea’s primary power utility into record losses last year. Korea Electric Power Corp.'s (Kepco's) poor financial performance is however unlikely to affect the state-owned firm’s near-term plans to resume the construction of two suspended reactors under the current pro-nuclear administration of President Yoon Suk-yeol.

Topics:
Nuclear Policy, Low-Carbon Policy, Nuclear Newbuilds, Earnings
Wanda Ad #2 (article footer)
#
Holtec Senior Vice President for International Projects Richard Springman sheds light on Holtec's prospects and ambitions for the deployment of its inaugural SMR-160 in Europe.
Fri, Mar 31, 2023
The US Department of the Treasury released a long-awaited rulemaking this week that will temporarily limit the universe of electric vehicles (EVs) that can qualify for newly expanded federal tax credits.
Fri, Mar 31, 2023
Riyadh is evaluating bids for its inaugural nuclear power plant from four bidders: China National Nuclear Corp., EDF, Korea Electric Power Co. and Rosatom.
Fri, Mar 31, 2023