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Smokestacks at a thermal power plant of Korea South-East Power, a subsidiary of Kepco in Incheon, west of Seoul   © Reuters
Business

South Korea's new energy plan puts pressure on Kepco

Power utility giant must adjust to push for less nuclear power and coal usage

KIM JAEWON, Nikkei staff writer | South Korea

SEOUL/JEJU - The blades of some 20 wind turbines spin at the Sinchang Wind Power Complex, off the western coast of Jeju, South Korea's popular resort island. The turbines, run by a subsidiary of Korea Electric Power, are part of a project to make the island, which is serving as a test bed for advanced energy technologies, carbon free by 2030.

It is also part of a broader effort by state-owned Kepco, the country's dominant power producer, to increase its capacity in the renewables sector, which includes wind power and solar energy. According to the company, it wants renewables to account for 11% of the company's electricity generation capacity by 2029, up from 6% last year.

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