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Kepco puts groundwork to come in energy markets in Commonwealth of Independent States countries

collected by :Haron Adler

Kepco CEO Cho Hwan-eik delivers a speech at the company‘s first international business forum in Kazakhstan on Wednesday.
Kepco CEO Cho Hwan-eik and Korea Trade-Investment Promotion Agency CEO Kim Jae-hong participated in the event, along with 150 other attendees including government officials and experts.

South Korea’s state-run utility provider Korea Electric Power Corp. on Wednesday held the Korea-Kazakhstan Energy Forum to discuss future cooperation, the company said Thursday.

They discussed current trends and joint business opportunities in the energy industry.
(Kepco)Korea’s Doowon Cable and 17 other small and midsized companies joined the forum and held meetings with 72 Kazakhstan-based businesses seeking partnerships.Meanwhile, Kepco on Thursday signed a memorandum of understanding with Kazakhstan’s largest private electricity provider Caepco to push ahead with their joint business.Kepco will aim to export the company’s renewable energy technology to Kazakhstan, where renewables are expected to account for some 50 percent of electricity generation by 2050, if completed as planned by the country’s government, the company said.On the following day, Kepco is also to ink another memorandum with Uzbekistan’s state-run electricity provider Uzbekenergo.Uzbekistan’s utility provider expressed hopes to cooperate with Kepco in developing electricity infrastructure, a Kepco official said.By Shim Woo-hyun (ws@heraldcorp.com)

Sputtering energy markets drag General Electric’s earnings, profit; Bank of U.S. chooses Dublin for European Union base

 energy markets

As it stated in The departing chief executive built up the crude business by spending billions on acquisitions before prices tumbled and customer demand for oil field equipment dried up.
In his farewell earnings report, the chief executive ended his 16-year tenure by telling Wall Street that GE’s earnings are likely to be disappointing the rest of this year.
Takata inflaters can explode with too much force and spew shrapnel into drivers and passengers.
It was the latest setback for a chief executive who never could win over investors and came under pressure this year from activist shareholder Trian Fund Management.
(Amazon chief executive Jeffrey P. Bezos owns The Washington Post.)

As it stated in

WASHINGTON — API President and CEO Jack Gerard was pleased to see the administration’s recommendations for modernizing the North American Free Trade Agreement (NAFTA) seek to preserve and strengthen North American energy markets and its benefits for consumers.
“We applaud this administration’s willingness to consider ways to improve North American energy markets that are already providing enormous benefits to the U.S. economy and consumers.
“NAFTA provides a strong foundation for the energy flows that occur between the U.S., Canada and Mexico,” said Gerard.
In June, API submitted comments on NAFTA to U.S. Trade Representative Lighthizer highlighting these benefits to the U.S. economy.
As the process gets underway, we look forward to working with the administration and Congress to continue the U.S. energy renaissance.”


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