
Daegu Mayor Chu Kyung-ho opposed the diversion of materials such as transformers from the Sindalseong substation to build a power grid in the Honam region, and reiterated that KEPCO should complete the Sindalseong substation as originally planned.
AI-generated summary
In a government audit by the Ministry of Climate, Energy and Environment, the government proposed a plan to divert supplies from other companies to transformers in order to shorten the power grid construction period for the semiconductor industrial complex in the Honam area, and it is known that the target for diversion review includes the Sindalseong Substation, which supplies power to the Daegu National Industrial Complex.
On the 3rd, Daegu Mayor Chu Kyung-ho once again emphasized his opposition to the diversion of materials such as transformers from the Daegu area (Sindalseong substation) to build a power grid in the Honam region.
Mayor Chu said in a meeting with local reporters that day, "KEPCO announced last year that it would complete the Sindalseong substation by 2028, and then suddenly talked about the power supply and demand in the Honam region and said it would make some adjustments to the existing substation installation plan." He added, "KEPCO must implement the Sindalseong substation installation plan as originally planned."
He added, “Corporate investment is decided based on the supply plan for power, water, etc., and if there is no possibility of power supply, the company can withdraw the investment plan itself,” adding, “Daegu should not be put on such a test bed.”
He also said, “Does KEPCO know what kind of companies Daegu will attract and what type of investment it will attract, and then delay the completion of the substation by two years or move it to another area?” He added, “I think this is an extension of the problem of ignoring Daegu, neglecting it, and passing it on.”
Mayor Chu emphasized, "I don't want to escalate into a conflict between the Yeongnam and Honam regions," and added, "I'm not saying not to inject power into the Honam region, but to make a separate plan. This means that we shouldn't focus on the Honam region while postponing plans to install substations in other regions."
Previously, in a government audit by the Ministry of Climate, Energy and Environment, the government proposed a plan to 'dedicate supplies to other companies for transformers' as a measure to shorten the construction period of the power grid for the semiconductor industrial complex in the Honam region.
It is known that the target of exclusive review includes the Sindalseong substation, which supplies power to the Daegu National Industrial Complex.
Mayor Chu also met with the head of KEPCO's Daegu headquarters at the end of last month to convey Daegu City's position and emphasized that the Sindalseong substation should be built as originally planned as the construction of power infrastructure has a significant impact on local industry and corporate investment.
AI outlook — possibilities, not facts
Negotiations between KEPCO and Daegu City will continue on whether to implement the Sindalseong substation plan.
Likely · Within weeks

Hyundai Engineering & Construction signed a five-year master service agreement with U.S. nuclear technology developer First American Nuclear Co. (FANCO) to support the EAGL-1 small modular reactor project, including construction feasibility reviews, engineering consultations, and design advice for the 240-megawatt lead-bismuth cooled reactor.

With the Strait of Hormuz blocked due to the war in the Middle East, Saudi Arabia's state-run oil company Aramco is considering expanding the 'East-West Oil Pipeline' that bypasses Hormuz. In the earnings announcement, CEO Amin Nasser talked about the reorganization of global energy flows and skyrocketing transportation costs.

Saudi Arabia's state-owned oil company Aramco announced that it recorded net profit of $36.25 billion in the third quarter, a 34.5% increase compared to the same period last year. Despite geopolitical instability and a decline in oil production, performance improved due to rising oil prices, and the basic dividend was set at $21.9 billion, 3.5% higher than the same period last year.

On the afternoon of the 31st, a utility pole was damaged at a construction site in Aju-dong, Geoje-si, Gyeongsangnam-do, causing a power outage to about 1,200 nearby apartments, but electricity was restored in about 35 minutes.

While the 2026 hydrogen power generation bidding market, which has been reduced in size compared to last year, was opened, 'coal-ammonia co-fired power generation' was eliminated from the clean hydrogen power generation market and non-price indicator evaluation was introduced.

South Korea and the U.S. possess complementary strengths capable of driving great progress in the nuclear sector amid a global nuclear renaissance, according to a U.S. State Department official.