South Korea Permits Private Companies to Build Coal-Fired Power Plants

Bloomberg reported that South Korea has granted approval to four private companies to build eight coal-fired power plants in attempt to diversify investments and stakeholders in their energy sector.

As quoted in the market report:

The approval is the first time in three decades that private operators have been given the nod to build coal-fired plants and is part of a road map outlining energy investments for the next 15 years. The road map will be updated in the first half of the year to reflect President-elect Park Geun Hye’s nuclear power policies.

To view the full Bloomberg report, click here.