Tue, Sep. 13, 9:56 AM
- Korea Electric Power (KEP -3.4%) is in talks with Japan's Toshiba (OTCPK:TOSBF) and France's Engie (OTCPK:ENGIY) about buying a stake in the £10B ($13B) British nuclear joint venture NuGen, Reuters reports.
- It is not known whether Kepco would buy all or part of the stakes of Toshiba or Engie, which are looking for partners to help lower their share in the capital-intensive project.
- NuGen, which is competing to build Britain's first new nuclear plant in a generation, plans to build three Westinghouse AP1000 reactors at the Moorside site on the coast of Cumbria and expects electricity generation to start in 2025.
Aug. 5, 2015, 9:16 AM
- Korea Electric Power (NYSE:KEP): Q2 net income of KRW1.3T
- Revenue of $13.67T (+6.1% Y/Y)
Feb. 11, 2015, 8:57 AM
- Korea Electric Power (NYSE:KEP): Q4 Net income of KW 452B.
- Revenue of KW 14,905B (+4.4% Y/Y).
Nov. 12, 2014, 9:18 AM
Nov. 12, 2014, 8:25 AM
- Korea Electric Power (NYSE:KEP): Q3 Net Income of KRW1569B
- Revenue of KRW14908B (+4.3% Y/Y)
Nov. 19, 2013, 10:27 AM
- Korea Electric Power (KEP +7.1%) gaps higher at the open after South Korea said it will hike electricity tariffs in a bid to avert power blackouts and cut billions of dollars in losses.
- In the second tariff hike this year, the government will raise electricity prices by an average 5.4% beginning Thursday, with industrial users facing the biggest hike.
- The government hopes higher electricity prices will curb power use, and policymakers want tariffs that more closely reflect generation costs.
Jul. 17, 2012, 1:05 PM
Mitsui & Co. (MITSY +0.2%) and Korea Electric Power (KEP +1%) say they will collaborate to upgrade a fossil-fuel-burning power plant for Takoradi International in Ghana. The project includes adding a steam turbine, heat recovery steam generators and a seawater cooling system to the existing gas turbines, and will have a total contract value of around $260M.| Jul. 17, 2012, 1:05 PM
Dec. 18, 2011, 11:36 PM
Sep. 21, 2011, 7:16 AM
The won edges up 0.2% after South Korea intervenes in the currency market to prop up its value following an 8% fall thus far in September. "The policy challenge is to avoid this morphing out of control," says an analyst. It was only months ago, SK was stepping in to weaken its currency.| Sep. 21, 2011, 7:16 AM
Apr. 14, 2011, 9:22 AMAn adviser to the Bank of Korea calls for rates to be raised to at least 4% to combat inflation (currently running near 4%) and put a check on rising household debt. What is the state of the world when even a hawkish voice isn't calling for positive real rates? Gold hovers near record levels at $1,460/oz. | Apr. 14, 2011, 9:22 AM
Jan. 19, 2010, 9:00 AM
Dec. 28, 2009, 9:00 AM