Eric Schmidt, the executive chairman of Google Inc(NASDAQ:GOOG), is planning to ravel to North Korea, Associated Press reported on Wednesday citing sources.
Describing North Korea as one of the last frontiers of cyberspace, the report said that Schmidt would be travelling to North Korea on a private, humanitarian mission along with the governor of New Mexico Bill Richardson.
The trip is scheduled for some time early this month, the report said.
The trip would be the first by a top executive from U.S.-based Google, the world’s largest Internet search provider, to a country considered to have the most restrictive Internet policies on the planet, the AP report said.
In North Korea citizens do have success to a domestic Intranet service but they cannot surf the World Wide Web freely, barring a few privileged individuals.
Analyst and Korea experts whom AP spoke to observed that it was unlikely that Google would be trying to push for business venture in the closed country. They however agreed that the trip itself was very interesting.
Meanwhile solar power producer, SunPower Corporation(NASDAQ:SPWR), said on Wednesday it had sold two solar projects in California to a company controlled by Berkshire Hathaway for about $2.5 billion in proceeds and contracts.
The projects are capable of producing power of 579 megawatt and Berkshire will be paying up to $2.5 billion not only for the power but also for designing, installing and constructing them.
Construction of the projects, which the companies called the world’s largest photovoltaic power development, will begin this quarter and is expected to be completed by the end of 2015.
Shares of SPWR soared 38% to $8.48.