South Korea plans broader energy portfolio

South Korea, on a small peninsula with a growing population and go-go-growing economy, sees the need for more energy on that selfsame peninsula. So they're going to build more coal, more liquified natural gas, and key here, more nuclear power plants -- 14, actually.

I tend to think that they ought to see what they could do with just conservation and more nuclear, but that's just me. Anyway, it's clear that South Korea will be a good place for nuclear industrians.

South Korea Plans to Spend $39 Billion on New Nuclear, Coal and Gas Plants

The country may construct 14 more nuclear reactors, 13 coal-fired plants and 19 that use liquefied natural gas by 2024, the Ministry of Knowledge Economy said in a statement today. The proposal is a part of a government power supply-and-demand plan that outlines investment for the next 15 years. The plan will be finalized by the end of this year. (skip) Nuclear plants will provide 48.5 percent of power generation by 2024, up from an expected 32.7 percent next year, according to the ministry.