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QLD talks sustainable energy with Korea

QLD talks sustainable energy with Korea article image
A visit to Korea by Queensland Minister for Trade Stephen Robertson earlier this week has progressed talks on potential sustainable energy joint projects. The Korean government has allocated the equivalent of A$1.1 billion towards sustainable energy production initiatives. "Korean resource and energy companies are looking for investment opportunities overseas that can help them secure a share of these funds," said Robertson, adding that he met with the CEO of Korea Electric Power Corporation (KEPCO) to discuss projects. KEPCO is Korea's biggest energy provider, with 34 percent of its coal coming from Australia last year. "This positions Queensland as a strong possible destination for further investment in coal projects," said Robertson. However, he noted: "KEPCO understands global concerns relating to climate change and is currently advancing into renewable energy. There is strong potential for joint projects in Queensland in this area."

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