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Thursday, May 22, 2014

Climate policy madness

South Korea confirms carbon market launch

David Twomey · January 16, 2014

More than 400 of South Korea’s largest polluters will see their emissions restricted under the scheme.

South Korea to operate world’s second largest Emissions Trading Scheme and build coal power plants
South Korea to operate world’s second largest Emissions Trading Scheme
and build coal power plants

Past assessments have suggested that the South Korean ETS could be the most expensive in the world with a price of US$90 a tonne of carbon.

The move is the latest example of ambitious climate policy from a country that has won plaudits from green businesses and clean tech firms.

South Koreans to construct $1.3bn coal plant in Kenya

Diarmaid Williams · November 20, 2012

Daewoo International has agreed a deal to build a $1.3bn coal fired power station in Kenya, Africa.

The South Korean conglomerate Daewoo International (KRX: 047050) has entered into agreement with Kenyan Electricity Generating Company (KEGC) to build what will be the largest coal power plant in East Africa having two turbines with 300 MW capacity each, reported Reuters.

Prime Minister of Kenya, Raila Odinga, said during the signing ceremony in Seoul on 18 November that the new power plant would play a key role in his government's objective to add 1500 MW of new generation capacity by 2019.

South Korea's Doosan Heavy Industries: Doosan to Construct Coal-fired Power Plant in Vietnam

February 7, 2014

Doosan announced that it signed an agreement last month in a meeting with Hanoi-based Vietnam Electricity (EVN), with CEO Hoang Quoc Vuong and Vice President Kim Hyun-tak of Doosan attending, to build a 1200MW capacity coal-fired power plant named Vinh Tan 4 for EVN.

The Vinh Tan 4 fossil power plant will be built in Binh Thuan, located 230km east of Ho Chi Min City. Doosan Heavy Industries & Construction will be in sole charge of designing, installing equipment, and test-running the whole construction procurement process known as EPC, or Engineering Procurement Construction. The project will be completed by June 2018.