Posts Tagged ‘South Korea’

Is The Sky The Limit For Wind Power?

June 15th, 2009

ScienceDaily (June 15, 2009) — In the future, will wind power tapped by high-flying kites light up New York? A new study by scientists at the Carnegie Institution and California State University identifies New York as a prime location for exploiting high-altitude winds, which globally contain enough energy to meet world demand 100 times over. [...]

Obama seeks funding cuts for wave, tidal energy research

June 2nd, 2009

By LES BLUMENTHAL - McClatchy Newspapers
WASHINGTON — The Obama administration has proposed a 25 percent cut in the research and development budget for one of the most promising renewable energy sources in the Northwest - wave and tidal power.
At the same time the White House sought an 82 percent increase in solar [...]

Malaysia’s first nuclear power plant an option

May 26th, 2009

TERENGGANU: Tenaga Nasional Bhd (TNB) targets to commission the first nuclear power plant in Malaysia by 2025 if the government decides to include nuclear as an acceptable energy option.
Head of nuclear energy unit TNB, Dr Mohd Zamzam Jaafar said TNB cannot ignore nuclear energy amid the uncertain future supply and volatile fossil fuel prices as [...]

Oil falls towards $61 on North Korea nuclear test

May 25th, 2009

PERTH (Reuters) – Oil prices fell toward $61 a barrel on Monday, shedding some of the previous session’s gains, on growing risk aversion after North Korea said it had successfully conducted a nuclear test.
Still, prices hovered around a six-month high, as a weak U.S. dollar and expectations the Organization of the Petroleum Exporting Countries (OPEC) [...]

Coal producer Alliance reports lower profit

January 29th, 2009

CHARLESTON, W.Va. — Coal producer Alliance Resource Partners’ fourth-quarter income fell 36 percent on the loss of a tax credit and expenses that outpaced revenue growth.
Alliance said Wednesday it earned $25.2 million, or 32 cents per partnership unit, in the quarter. The Tulsa, Okla.-based company earned $39.9 million, or 76 cents per unit, in [...]

Philippines revisits nuclear energy option at ‘white elephant’ plant

January 9th, 2009

by Adrian Addison
MORONG, Philippines (AFP) – The Bataan nuclear power plant stands as a monument to the greed and corruption of the years the Philippines spent under strongman president Ferdinand Marcos.
It was originally meant to cost around 500 million dollars, but the final price tag of 2.3 billion dollars was only paid off in [...]

NUCLEAR FUSION : Energy of the Stars, With No Emissions

January 4th, 2009

A consortium of governments will build a groundbreaking fusion power plant in France for a price in excess of €5 billion. After decades of discouraging setbacks, plasma physics has made jaw-dropping recent progress. Could it save the world?
Something went wrong during reactor experiment number 23,995. The fusion process started, continued for a second, but suddenly [...]

Pennsylvania at the heart of new natural gas bonanza

December 29th, 2008

By Marc Levy Associated Press Writer
HOUSTON, Pa. — Illuminated drilling rigs glow for miles from atop flattened hills when night falls in this rolling farm and coal country in southwestern Pennsylvania.
Tanker trucks back up traffic on two-lane roads, and Texans wearing heavy coats and muddy boots fill Shelley’s Pike Diner at lunch as land owners [...]

Myanmar signs gas deal with China

December 29th, 2008

YANGON, Myanmar (AP) — Myanmar’s government and four foreign companies have signed an agreement to sell natural gas from offshore fields to neighboring China, state media said Monday.
The agreement, signed last Wednesday, was the first for sales of gas from Myanmar’s northwestern offshore fields.
The New Light of Myanmar newspaper said South Korea’s Daewoo International and [...]

S Korea announces $28.5 bn energy plan

December 28th, 2008

South Korea today announced a massive investment plan to build more power plants, including 12 new nuclear reactors in the next four years, to meet growing energy demand.
It plans to spend 37 trillion won ($28.5 billion) between 2009 and 2022 constructing 12 commercial reactors and 19 thermoelectric power plants, the ministry of knowledge economy said [...]