Tag Archives: electric power

Expansion of South Korean Power Equipment Industry in the U.S. Market South Korea’s LS ELECTRIC, a subsidiary of the LS Group focused on power and automation systems, has recently secured a significant contract worth 170 billion won ($123 million) to supply ultra-high-voltage transformers to renewable energy facilities across several western U.S. states. The company will manufacture these components domestically and …

Porsche’s Electric Cayenne Demonstrates Impressive Towing Capacity Porsche has unveiled the towing capabilities of its upcoming electric Cayenne, revealing that it can handle the same weight as its traditional combustion-powered counterpart. The vehicle is rated at 7,716 pounds (3,500 kilograms), matching the towing capacity of the gas-powered model. This impressive figure was put to the test by Richard Hammond, a …

A Historic Milestone for Solar Power in the EU In a groundbreaking development, solar power generated more electricity than any other source in the European Union (EU) last month. According to new data from the energy think tank Ember, solar accounted for 22.1% of the EU’s electricity mix in June 2025, surpassing nuclear and significantly outpacing fossil fuels. This milestone …

Inquiry into Power Purchase Agreements Sparks Debate Over Energy Costs A parliamentary committee has initiated an investigation into the contentious Power Purchase Agreements (PPAs) with Independent Power Producers (IPPs), as public demand grows for measures to curb the rising cost of electricity that is placing a heavy burden on households and businesses. The National Assembly’s Public Investments Committee on Commercial …

Regulatory Actions and Refund Directives for Power Distribution Companies The National Electric Power Regulatory Authority (NEPRA) has issued several directives concerning the refund of overcharged amounts to consumers by state-owned power distribution companies (Discos) and K-Electric. These actions stem from discrepancies in fuel cost adjustments, which have been a point of contention between the regulator and various stakeholders. Fuel Cost …