Wednesday, September 28 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Sep 26
Week of Sep 19
Week of Sep 12
Week of Sep 05
Week of Aug 29
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    S.Korea's power plant operator sees record loss in first half of year


    August 12, 2022 - Xinhua News Agency

     

      SEOUL, Aug. 12 (Xinhua) -- South Korea's state-run power plant operator hit a record operating loss in the first half of this year due to higher fuel costs, the company said Friday.

      The Korea Electric Power Corp. (KEPCO) posted an operating loss of 14.3 trillion won (11 billion U.S. dollars) in the January-June period, after logging an operating loss of 187.3 billion won (143.7 million U.S. dollars) in the first half of last year.

      The operating loss reached a record high of 7.8 trillion won (6 billion U.S. dollars) in the first quarter, before reducing to 6.5 trillion won (5 billion U.S. dollars) in the second quarter.

      A surge in energy costs, driven by geopolitical risks and supply chain disruptions, sharply raised the operating cost of the KEPCO.

      Revenue gained 11.5 percent over the year to 32 trillion won (24.5 billion U.S. dollars) in the first half, while operating cost surged 60.3 percent to 46.3 trillion won (35.5 billion U.S. dollars).

      The KEPCO was forecast to demand a hike in electricity rates and put upward pressure on the already high inflation.

      The country's consumer prices spiked 6.3 percent in July from a year earlier, marking the fastest in almost 24 years. Enditem

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.