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General Electric (GE) Through JV with KEPCO Secures $320M Contract to Build an HVDC Energy Highway to Power Seoul City, South Korea
February 1, 2018 7:19 AM ESTGE Power (NYSE: GE) has been awarded a $320 million contract through its joint venture, KAPES, by Korea Electric Power Corporation (KEPCO) to provide equipment and expertise to deliver a 4 GW HVDC transmission link from the power complex located East of South Korea, to Seouls metropolitan area that represents around 40% of global Korean energy demand1.
With 51.3 million people2, South Korea has experienced nearly a 35% growth3 in energy demand in the last decade alone. The country faces the ambitious challenge of providing efficient energy to its densely populated areas. This new HVDC project will... More
Facebook (FB) Seen as Leading Contender to be Included in Dow
January 31, 2018 10:56 AM ESTFacebook (NASDAQ: FB) is viewed as the leading contender to be included in the Dow given its price of $189 vs Amazon (Nasdaq: AMZN) at $1460 and Alphabet (NASDAQ: GOOGL) at $1180. The topic... More
