Gunsan power station

From Global Energy Monitor

Gunsan power station (전기생산능력) is a 222-megawatt (MW) combined heat and power (CHP) coal-fired power station in North Jeolla, South Korea. It is owned by Hanwha Energy.


The undated satellite photo below shows the plant in Gunsan.

Loading map...

Background on plant

The first 123 MW unit of Gunsan power station was commissioned in 2011. It is located in Gunsan, Soryong, and is owned by Hanwha Group. An additional 99 MW unit was commissioned in 2019. According to Hanwha Energy's website, the combined heat and power (CHP) plant is contributing to the enhancement of competitiveness of the Gunsan 2nd National Industrial Complex by stably supplying good quality steam and electricity at low prices.[1][2][3]

The Gunsan plant has reportedly been mixing and burning biomass (wood pellets) with bituminous coal since 2018.[4]

Background on area

There are three cogeneration plants in operation in Gunsan: SGC Energy (SGC에너지), OCISE, and Hanwha Energy (한화에너지). An August 2021 article promoted converting the coal plants near the Gunsan Port to burn domestic biomass instead of coal.[5]

Financing for Unit 2

The National Pension Service provided financing through a bond for US$54,859,197. Korea Development Bank provided financing through a bond for US$82,298,108 and through a loan for US$245,979,900. Nonghyup Bank provided a loan for US$4,571,921. Korea Post provided financing through a bond for US$45,719,213.[6]

Project Details

  • Sponsor: Hanwha Energy
  • Parent: Hanwha Corporation
  • Location: Gunsan, Soryong, Gunsan, North Jeolla Province, South Korea
  • Coordinates: 35.9544855, 126.5361256 (exact)
  • Status: Operating
  • Gross Capacity: 222 MW (Unit 1: 123 MW, Unit 2: 99 MW)
  • Type: CFB
  • Start year: 2011 (Unit 1), 2019 (Unit 2)
  • Coal Type: Bituminous
  • Coal Source:
  • Source of financing: US$54,859,197 in debt from the National Pension Service; US$328,278,008 in debt from Korea Development Bank; US$4,571,921 in debt from Nonghyup Bank; US$45,719,213 in debt from Korea Post[6]

Articles and resources


  1. "Hanwha Gunsan Cogeneration Plant," Sumitomo SHI FW, accessed December 2018
  2. "Business: Cogeneration," Hanwha Group, accessed January 2018
  3. "Gunsan Plant," Hanwha, accessed November 2021
  4. "한화에너지, 열병합발전으로 늘어난 온실가스 태양광발전으로 상쇄," Daily E News, January 13, 2021
  5. "군산항 활성화를 위해 ‘우드펠릿’ 유치해야," Domin, August 16, 2021
  6. 6.0 6.1 "Financing Dirty Energy: How Korean Public Financial Institutions Support Coal Power". Solutions for Our Climate. January 2018.{{cite web}}: CS1 maint: url-status (link)

Related articles

External resources