Goseong Green power station

From Global Energy Monitor

Goseong Green power station (고성그린파워) is a proposed 2,080-megawatt (MW) coal-fired power station in South Gyeongsang Province, South Korea.

Location

The map below shows the construction site of the plant in Goseong County, just southeast of the Samchonpo power station.

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Background on Plant

The power station would consist of two 1,040 MW units. Construction is planned to begin in 2016 and be completed in April 2021.[1]

The plant's implementation plan was approved in October 2015.[2] Construction began in February 2017. The plant is planned for completion in 2021.[3][4]

Financing

A 4.3 trillion KRW loan agreement was closed in 2017. The project financing was led by KB Kookmin Bank and Shinhan Bank.[5]

Possible cancellation or replacement with gas

South Korea's new president, elected in May 2017, said he will consider suspending coal-fired power plants less than 10 percent into construction.[6]

In April 2017, just before the presidential election, the plant's completion rate was reported at 8%. It was then reported as 14.5% on May 15, 15% on May 16, and 21% on May 23, raising questions about the legitimacy of the progress, since the plant is still planned for operation in April 2021.[7] Planet satellite photos suggest the only progress from February 2016 to April 2018 was land clearing.

In September 2017, the government released a statement saying it will push to transform coal-fired power plants less than 10% constructed into LNG-fired power turbines.[8]

Project continues

The country's 8th Basic Plan for Long-Term Electricity Supply and Demand (2017-2031), finalized in December 2017, did not list the plant for conversion to gas, suggesting it may remain coal-fired.[9][10]

In March 2018, it was reported there were ongoing labor disputes at the plant site with project contractor SK Engineering & Construction.[11]

In June 2020, it was reported the plant was 90% complete and on track for commissioning in 2021.[12] Planet Labs satellite imagery shows construction progress from 2017 through October 2020 (Goseong Green power station is in the center of the image, Samchonpo power station is on the left).

Opposition

Since its inception, the power station has been opposed by local residents over pollution concerns.[13]

Project Details

  • Sponsor: Goseong Green Power (Ancient Green Power)
  • Parent company: Korea South-East Power, SK Gas, KDB Infrastructure
  • Location: Hai-myeon, Goseong County, South Gyeongsang Province
  • Coordinates: 34.904909, 128.125406 (exact)
  • Status: Construction
  • Capacity: 2,080 MW (Units 1&2: 1,040 MW)
  • Type: Ultra-supercritical[14]
  • Projected in service: 2021
  • Coal Type:
  • Coal Source:
  • Source of financing: US$3,901,229,795 in debt from a consortium led by KB Kookmin Bank and Shinhan Bank[5]
  • Planned Unit Retirements: Units 1 and 2 are scheduled to close by 2051.[15]

Articles and resources

References

  1. "고성군·고성그린파워, 고성하이화력발전소 건설사업 기본협약," Electric Power Journal, Apr 21, 2015
  2. "고성 하이화력발전소 실시계획 승인," GNN News, Oct 15, 2015
  3. "SK건설, 고성하이화력발전소 착공," Chosun, Feb 24, 2017
  4. "건설中 원전·석탄발전, 차기 정권에서 운명은?," EBN, May 6, 2017
  5. 5.0 5.1 Herald, The Korea (2017-02-03). "SK E&C inks $3.2b power plant deal". www.koreaherald.com. Retrieved 2020-12-02.
  6. "S. Korea’s coal-fired power plant builders at risk of losing millions," Pulse, 2017.05.17
  7. "미세먼지 OUT, 신규 화력발전소 OUT," 국민소통 광장, Sep 24, 2017
  8. "S Korea to tackle pollution by cutting coal, diesel use, switching to LNG," Platts, 26 Sep 2017
  9. "S. Korea to shift toward renewable energy, natural gas," Yonhap News Agency, 2017/12/14
  10. "Ministry announces 8th Basic Plan for Electricity Supply and Demand," Korea Ministry of Trade, Industry, and Energy, 2017-12-14
  11. "건설산업노조 플랜트분과 고성하이발전소 노조탄압 폭로 기자회견 열어," Inochong, Mar 6, 2018
  12. "신규 민간 석탄발전소 건설은 속도 붙는데… 표준투자비 책정 논의는 '제자리'," cnews.co.kr, 2020-06-10
  13. "사천주민 신삼천포화력발전소 건설사업 피해대책 촉구," Sichuan AP, 2014/01/07
  14. "Doosan Clinches Large-Scale Project to Supply Equipment for Goseong Hai Thermal Plant," Doosan Heavy Industries & Construction press release, 2015.12.07
  15. "Assessing the Health Benefits of a Paris-Aligned Coal Phase Out for South Korea," Annex II (Unit-level phase out schedules), Climate Analytics, May 2021

Related GEM.wiki articles

External resources