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Energy
Korea wins bid project for building tritium removal facility in Romania
Trade, Industry and Energy Minister Lee Chang-yang attended the ceremony for signing the memorandum of understanding (MOU) on the project bid for building a tritium removal facility in Romania worth KRW 260 billion, the largest amount as a single nuclear power plant facility export. In his opening message, the Minister stated that export of not only large reactors but also facilities will be strongly supported to win additional bids in the future. The event was attended by rela date2023-06-30
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Energy
Korea wins bid project for building tritium removal facility in Romania
The Ministry of Trade, Industry and Energy (MOTIE) announced on June 27 that Korea Hydro & Nuclear Power (KHNP) has won a KRW 260 billion bid project for building a tritium removal facility in Romania. The project will involve the building of a safety facility for capturing and storing tritium, which is a radioactive substance created in the process of activating heavy water reactors for the continued operation of Romania’s Cernavodă Nuclear Power Plant. Largest to date in value for date2023-06-30
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Energy
Minister Lee discusses investment with Vestas CEO
Trade, Industry and Energy Minister Lee Chang-yang met with world-leading Danish wind turbine maker Vestas’ CEO Henrik Andersen in Seoul on June 26 to discuss Vestas’ Asia-Pacific headquarters relocation to Seoul slated for September, 2023, as well as the establishment of a new wind turbine parts manufacturing plant in Korea. date2023-06-27
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Energy
Minister Lee discusses investment with Vestas CEO
Trade, Industry and Energy Minister Lee Chang-yang met with world-leading Danish wind turbine maker Vestas’ CEO Henrik Andersen in Seoul on June 26 to discuss Vestas’ Asia-Pacific headquarters relocation to Seoul slated for September, 2023. Henrik Andersen is on a due diligence visit to Korea regarding the relocation of regional headquarters and the establishment of a new wind turbine parts manufacturing plant in Korea. Vestas has supplied more than 160GW of wind turbine power arou date2023-06-27
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Energy
MOTIE attends hydrogen turbine power demonstration ceremony
The Ministry of Trade, Industry and Energy (MOTIE) announced on June 21 that a Korean company has developed a technology that blends up to 50 percent hydrogen in medium-sized gas turbines. Hanwha Impact held a ceremony to celebrate the demonstration of hydrogen turbine power generation at the Hanwha Impact Daesan plant located in Seosan, Chungnam on June 21. Hanwha Impact, in cooperation with Korea Western Power, developed a technology that blends and burns up to 50 percent hydrogen in a medium date2023-06-23
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Energy
Minister Lee inspects power companies for stable summer power supply
Trade, Industry, and Energy Minister Lee Chang-yang visited the Korea Power Exchange (KPE) Gyeongin Branch located in Uiwang, Gyeonggi-do on June 15 to inspect the preparation status for the summer power supply by the Korea Electric Power Corporation, Korea Power Exchange, and other power generation companies. The on-site inspection took place to check each organization’s progress on the “Summer Season Power Supply Outlook and Measures” decided at the Ministerial Conference on date2023-06-22
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Energy
Korea and Japan to bolster policy cooperation in hydrogen
Trade, Industry and Energy Ministry’s Director-General for Hydrogen Economy Policy Bureau Lee Ok-heon met with Hiro Inoue, Japan’s Economy, Trade and Industry Ministry (METI)’s Director-General of the Energy Conservation and Renewable Energy Department, to discuss measures for policy cooperation in hydrogen safety and related industries. The director-generals agreed on the need for hydrogen energy in the shared goal of achieving carbon neutrality, and exchanged views on Korea& date2023-06-21
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Energy
2nd Vice Minister attends International Business Forum for Nuclear Clean Hydrogen
Trade, Industry and Energy 2nd Vice Minister Kang Kyung-sung attended the International Business Forum for Nuclear Clean Hydrogen on May 25 at BEXCO in Busan, held for exchange in technology and information among Korea’s industry, academia and R&D institutes to accelerate the utilization of nuclear hydrogen. The event was attended by approximately by more than 150 industry and academic experts from Korea and abroad from the Nuclear Energy Agency under the Organization for Econ date2023-06-02
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Energy
2nd Vice Minister attends International Business Forum for Nuclear Clean Hydrogen
Trade, Industry, and Energy 2nd Vice Minister Kang Kyung-sung attended the International Business Forum for Nuclear Clean Hydrogen on May 25, which was hosted by Korea Hydro & Nuclear Power (KHNP) and organized by the Hydrogen Convergence Alliance (H2KOREA). This forum, held as a special event of the World Climate Industry EXPO (WCE 2023), was themed as “Role and Challenges for Nuclear Hydrogen in Achieving Carbon Neutrality”, and was attended by more than 150 industry and acad date2023-06-02
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Energy
Korea and Oman discuss energy supply chain cooperation
Trade, Industry, and Energy 2nd Vice Minister Kang Kyung-sung held talks with Moshin bin Hamad bin Saif Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals in Oman on May 25 in Busan, on the occasion of the Undersecretary’s first visit to Korea to attend the World Climate Industry EXPO (WCE 2023). The two energy chiefs discussed the issue of securing a stable energy supply chain between Korea and Oman, and supporting Korean companies’ participation in Oman’s pl date2023-06-02