South Korea Looking Hard At Renewable Energy Resources

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Hira Shahnawaz Akhtar
Published on
Updated on

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…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.