Kepco cancels investment in South African coal energy plant

South Korea’s State-owned power utility Kepco will either cancel its investment in coal-driven South African independent power producer Thabametsi, or transition the project to gas. A statement issued on Friday by the South Africa desk of the Global Strategic Communications Council (GSCC), an international network in the field of climate and energy, said Kepco announced on Thursday night it would no longer invest in overseas coal projects, a move which would also impact the Sual 2 venture in the Philippines.