South Korea

The Case for Smart Grid

Funding a new infrastructure in an age of uncertainty.

The world’s electricity supply will need to triple by 2050 to keep up with demand. What follows is a look at where we are, and what may lie ahead, with a focus on the the scope of the problem, regulatory reform initiatives now underway, and how to go about rethinking the business models that might evolve.

Emerson to Automate Two 1,050 MW Units at South Korea Power Plant

Emerson Process Management, a business of Emerson, will install its Ovation control system at two 1,050-MW coal-fired power generating units under construction at the Taean thermal power plant in South Korea. Ovation technology will be installed at five of South Korea’s six largest coal-fired power plants. The $11 million contract was awarded by Daelim Industrial Co. Ltd., one of South Korea’s largest construction firms and is expected to come online in 2016.