For the first time since 1982, South Korea is deliberating the prospect of allowing non-state companies to generate coal-fired power capacity in an effort to prevent blackouts that have cost the economy $11bn.
Nam Ho Ki, the chairman of Korea Power Exchange, told local media that, “it will be good to allow a certain number of private coal power generators. We are positively considering that option.”
Nam added that Korea Power is aiming to decide on more than 30 applications from state and private companies to build new plants by the end of the year, as part of its review with the government of the nation’s energy mix.
Among private applicants for coal power plants are units of Posco Group, Tongyang Group, SK Group, Dongbu Group, and STX Group.
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