Korea Considers Private Industry for Coal-Generated Power
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South Korea is considering allowing non-state companies to generate coal-fired power for the first time in three decades, as it adds capacity to prevent blackouts that cost the economy $11 billion.
“It will be good to allow a certain number of private coal power generators,” Nam Ho Ki, the chairman of Korea Power Exchange, the government-run company that oversees the country’s power supply and is helping to decide on the new policy, said in an interview in Seoul last week. “We are positively considering that option.”