S. Korea moves to curb electricity demand

  • Karpal was a giant, among the top lawyers in the world, says legal fraternity
    Karpal was a giant, among the top lawyers in the world, says legal fraternity

    The late Karpal Singh was described as a "giant" in the legal fraternity by the Malaysian Bar which represents 13,000 lawyers. Bar president Christopher Leong said Karpal, who had been in practice for more than 40 years, was a towering Malaysian and a courageous man. Leong remembered Karpal recently telling him that even if he was gone,... …

  • My last meeting with Mr Karpal Singh
    My last meeting with Mr Karpal Singh

    I met Mr Karpal Singh at his office in Jalan Pudu, Kuala Lumpur, about 7pm last night and spent about 45 minutes with him. He had called me earlier to collect a copy of a court judgment of an important case. He told me to come as early as possible because he had to go to Penang later that night, as he was defending a client in a murder trial... …

  • Selangor assembly in minute’s silence for Karpal Singh
    Selangor assembly in minute’s silence for Karpal Singh

    SHAH ALAM, April 17 — Selangor lawmakers paid their respects today to DAP veteran lawmaker Karpal Singh by observing a minute of silence to mark his death from a fatal crash this morning. At the... …

  • Tributes and expressions of shock pour in for Tiger of Jelutong
    Tributes and expressions of shock pour in for Tiger of Jelutong

    As Malaysia woke to the tragic news of the passing of opposition icon Karpal Singh, tributes and expressions of shock poured in through social media, with "Karpal Singh" and "Tiger of Jelutong" among the top news trending on Twitter since this morning. One Twitter user going by the handle @Babyan Haha posted: "RIP Karpal Singh. My father even... …

  • Perkasa’s Zul Noordin celebrates Karpal’s death as clearing path for hudud
    Perkasa’s Zul Noordin celebrates Karpal’s death as clearing path for hudud

    KUALA LUMPUR, April 17- As Malaysians mourn the loss of veteran lawmaker Karpal Singh, Perkasa vice-president Datuk Zulkifli Noordin instead said the DAP leader’s passing removes a major obstacle... …

  • Karpal fought for the weak and oppressed, he was a true friend, says Guan Eng
    Karpal fought for the weak and oppressed, he was a true friend, says Guan Eng

    Penang has lost one of its favourite sons today following the tragic death of Karpal Singh, a man who took up the baton and fought for the defenceless, the weak and the oppressed, said Chief Minister Lim Guan Eng today. "It is said that there are no permanent friends or enemies in politics, but there are permanent principles," Lim told... …

Seoul (The Korea Herald/ANN) - The Korean government launched a full-scale campaign on Friday to secure sufficient electricity reserves, estimating that the nation¿s electricity reserves would fall below an alarming level of 2 million kilowatts this winter.

¿The nation could face an electricity shortage as power demand is expected to soar in a colder winter this year,¿¿ Prime Minister Kim Hwang-sik said in a statement to the public. He said the government will shift into emergency mode in case the country¿s power supply reserve drops below the designated safe level of 4 million kilowatts.

The Ministry of Knowledge Economy predicted that nation¿s electricity reserves are expected to fall below to 1.27 million kilowatts in January next year when demand for electricity during the wintertime usually peaks.

Prime Minister Kim Hwang-sik (centre), flanked by Finance Minister Bahk Jae-wan (left) and Public Administration and Security Minister Maeng Hyung-kyu, speaks about an energy-saving campaign at his office in central Seoul on Friday. (Park Hae-mook/The Korea Herald)

The estimate was made under the condition that the two suspended reactors in the Yeonggwang nuclear plant complex in South Jeolla Province will resume power generation by year-end. The two reactors stopped operations early this month for their substandard parts to be replaced.

When electricity reserves fall below 2 million kilowatts, the government is empowered to force public organisations to cut their power consumption.

To stabilise electricity supply, the government announced a package of measures to cut electricity consumption by 3.2 million kilowatts and to secure additional power by 1.3 million kilowatts.

To cut electricity consumption, the government said it will introduce an extra-charging system from January next year, in particular, for energy consumption in peak daytime hours in winter by corporate power spenders. It will also encourage about 6,000 companies, which consume more than 3,000 kilowatts during January and February, to lower their energy consumption by up to 10 per cent. Households will also be a target of the energy-saving campaign.

To secure additional electricity, the Ministry of Knowledge Economy said it will make all out efforts to complete exchanges of parts for the two 1-million-killowatt reactors in the Yeonggwang nuclear power complex within this year.

The ministry predicted that the electricity shortage will be relieved from 2014 when the nation secures an additional 7 million kilowatts with the construction of a couple of new power plants by the end of 2013.

¿I urge businesses, civic organisations and the general public to participate in this campaign,¿ Prime Minister Kim said.

Electricity shortage emerged as a national issue of contention as the nation¿s power demand has grown faster than expected over the past few years. Industry watchers attributed the hike in energy consumption to cheap electricity, in particular for industrial use.

According to figures released by KEPCO, the price of industrial electricity in Korea in 2010 was close to $0.06 per kilowatt, which is almost half the OECD average of roughly $0.11.

COPYRIGHT: ASIA NEWS NETWORK

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • ‘Huge’ Hindu, Buddhist statues against Islam, ex-judge says The Malay Mail Online
    ‘Huge’ Hindu, Buddhist statues against Islam, ex-judge says

    KUALA LUMPUR, April 16 — The “huge” statues at a Hindu temple in Batu Caves and Buddhist temple in Penang are an affront to Islam as the religion forbids idolatry, a retired Court of Appeals judge... …

  • Wreck hunter confident MH370 crash site found, says Aussie paper The Malaysian Insider
    Wreck hunter confident MH370 crash site found, says Aussie paper

    A wreck hunter is confident that the search teams had pinpointed the crash site of Malaysia Airlines flight MH370 and believes that the black boxes will be located soon, the Sydney Morning Herald (SMH) reports. David Mearns, director of Blue Water Recoveries told the ABC's 7.30 programme yesterday, he was confident that, because of their... …

  • One dead as S. Korea ferry with 476 passengers sinks AFP News
    One dead as S. Korea ferry with 476 passengers sinks

    South Korea's coastguard said Wednesday one person had been killed as it struggled to rescue 476 people -- mostly high school students -- aboard a ferry that ran aground and sank off the southern coast. "The ferry is almost completely submerged," Lee said, adding that a detachment of South Korean Navy SEALS were taking part in the rescue. Of the 450 passengers on board the ferry bound for the southern resort island of Jeju, 325 were students from a high school in Ansan, south of Seoul. The …