Search Results

South Korea Raises 2040 Electricity Demand Forecast, Increment Equivalent to 19 Large Nuclear Power Units

A forum on the formulation of South Korea's 12th Basic Plan for Electricity Supply and Demand was held in Seoul on August 20. The new round of electricity demand forecasts submitted at the meeting showed that by 2040, South Korea's annual maximum electricity demand is expected to reach 158.4 GW to 165.0 GW, an upward revision of 26.6 GW to 26.8 GW compared to the forecast proposed in April this year. Based on the 1.4 GW single-unit capacity of the AP1400 large nuclear power unit under construction in South Korea, the increment in electricity demand from this upward revision is equivalent to the electricity provided by approximately 19 large nuclear power units operating at full power. The previous April forecast for the 2040 annual maximum electricity demand was 131.8 GW to 138.2 GW. The new forecast reflects semiconductor industry clusters...

2026-08-21

South Korea's Doosan Enerbility wins order for steam generator forgings for Shandong Laiyang Nuclear Power Units 5 and 6.

South Korea’s Doosan Enerbility announced on the 27th that it has signed supply contracts with Dongfang Electric International (DEI) and Dongfang Heavy Machinery (DFHM)—subsidiaries of China’s Dongfang Electric Corporation—to provide u

2026-07-27