A heat wave in South Korea, with temperatures climbing to 115°F, supplemented by the rapid growth in Korea's economy has meant that there has been a rapid increase in the demand for energy in the country. Furthermore, there was a recent shutdown of two nuclear reactors as well as some thermal plant closures. This has widened the gap between demand and supply for power in the country.
South Korea was largely dependent on production of electricity from heavy oil up to the mid 1980s. Coal and nuclear resources became dominant after this period. Renewable resources as a source of power were not explored until 2004 but it has grown at a strong pace ever since. Coal...
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