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

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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.

Nuclear Policy, Low-Carbon Policy, Nuclear Newbuilds, Earnings
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