Gunsan power station

From Global Energy Monitor

Gunsan power station is a 222-megawatt (MW) coal plant in North Jeolla, South Korea.


The undated satellite photo below shows the plant in Gunsan.

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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.[1][2][3]

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.[4]

Project Details

  • Sponsor: Hanwha Group
  • 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[4]

Articles and resources


  1. "Hanwha Gunsan Cogeneration Plant," Sumitomo SHI FW, accessed Dec 2018
  2. "Business: Cogeneration," Hanwha Group, accessed January 2018
  3. "Gunsan Plant," Hanwha, accessed May 2019
  4. 4.0 4.1 "Financing Dirty Energy: How Korean Public Financial Institutions Support Coal Power". Solutions for Our Climate. January 2018.

Related articles

External resources