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Samsung to cut electricity consumption by 20 pct by 2015

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(Globalpost/GlobalPost)

SEOUL, June 19 (Yonhap) -- Samsung Group, the country's leading conglomerate, said Wednesday that it will spend 1.5 trillion won (US$1.32 billion) over the next three years to reduce the electricity consumption of its affiliates by 20 percent by 2015.

The group said the earmarked budget will be spent on improving energy-saving facilities and the use of renewable energies.

Samsung said it will spend 1.1 trillion won in replacing outdated freezing facilities at its plants and 300 billion won to switch to energy-efficient LED lighting.

The remaining amount will be spent on renewable energies such as solar energy, it said.

The move comes as the country was forced to shut down two nuclear reactors while also delaying the scheduled operation of two newly built reactors due to various control cables of sub-standard quality that were supplied and used under fake test results and quality certificates.

Energy-saving measures currently under way include a strict ban on any store doing business with their doors open and air conditioner running as a way of attracting more customers off the street.

Such measures will be enforced until the end of August.

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http://www.globalpost.com/dispatch/news/yonhap-news-agency/130618/samsung-cut-electricity-consumption-20-pct-2015