Samcheok Green power station

From Global Energy Monitor

Samcheok Green power station (삼척그린파워) is a 2,044-megawatt (MW) coal-fired power station operated by Korea Southern Power (KOSPO) of Korea Electric Power Corporation (KEPCO) for Samcheok, South Korea.

KEPCO said it plans to eventually expand the plant to 5,000 MW, powered by a mix of coal, biomass, and renewables.

Location

The undated satellite photo below shows the plant in Samcheok, South Korea.

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Background on Plant

The plant was originally proposed in 2010 to consist of two 1,000 MW zero emission turbines equipped with carbon capture and storage (CCS). KEPCO has said they would like to expand the plant to 5,000 MW, powered by a mix of coal, biomass, and renewables.[1][2]

The plant will use "ultra-supercritical circulating fluidized bed" technology, allowing it to use lower grade coal (4,000 kcal/kg versus 6,000 kcal/kg in a typical pulverized coal plant) along with five percent wood chip biomass.[2] However, the efficiency of the process is rated at 38.8 percent, which matches that of the typical supercritical coal plant described in MIT's "Future of Coal" study.[3][4]

According to engineering firm Foster Wheeler, Kepco proposes that the plant be four units of 550 MW each, planned for completion by 2015.[5][6][3] However in May 2011 Toshiba Corporation received the contract to supply two 1,000 MW ultra-supercritical units to KEPCO.[7]

According to Korean sources, the first two coal units will be 1,022 MW each,[8] and completed in 2016. CCS is not mentioned.[9]

In May 2016, it was reported that unit 1 would be commissioned in December 2016 and unit 2 in January 2017.[10]

Unit 1 began commercial operation in December 2016.[11]

On May 6, 2017, Unit 2 was reported as 99.27% complete. It is planned for operation by June.[12] It was completed in June 2017.[13][14]

Financing

Financing for the project was provided through bonds from the following entities: National Pension Service (US$694,790,228), NongHyup Life Insurance (US$137,129,373), Nonghyup Property and Casualty Insurance (US$9,141,958), NH Investment Securities (US$617,106,961), Korea Post (US$86,852,091), IBK Affiliates (US$18,283,413), and Industrial Bank of Korea (US$18,283,413).[15]

Project Details

  • Sponsor: Korea Electric Power Corporation
  • Location: Samcheok, South Korea
  • Coordinates: 37.186, 129.341822 (exact)
  • Status: Operating
  • Gross Capacity: 2,044 MW (Units 1-2: 1,022 MW)
  • Type: Ultra-supercritical circulating fluidized bed[3][2]
  • Projected in service: Unit 1: 2016; Unit 2: 2017
  • Coal Type:
  • Coal Source: Indonesia[3]
  • Source of financing: debt from National Pension Service (US$694,790,228), NongHyup Life Insurance (US$137,129,373), Nonghyup Property and Casualty Insurance (US$9,141,958), NH Investment Securities (US$617,106,961), Korea Post (US$86,852,091), IBK Affiliates (US$18,283,413), and Industrial Bank of Korea (US$18,283,413)[15]

Articles and resources

References

  1. "S. Korea to build eco-friendly thermal power plant," Yonhap News Agency, June 10, 2011.
  2. 2.0 2.1 2.2 Sarah Blackman, "South Korean power production: a nation's clean coal goal," Power Technology, May 4, 2012
  3. 3.0 3.1 3.2 3.3 Samcheok Green Power Project, Foster Wheeler fact sheet, accessed March 2014
  4. "The Future of Coal," Massachusetts Institute of Technology, 2007, pages 20-22.
  5. "Samcheok Green Power Project: A New Era in Clean Coal Technology," Foster Wheeler, accessed Jan 2014.
  6. "The Latest CFB Technology Developments for Flexible Large Scale Utility Power Production," Foster Wheeler paper presented at PowerGen Europe, June 3-5, 2014
  7. "Toshiba Wins Major Ultra Supercritical Steam Turbines and Generators Order for Korean Southern Power Co.," Toshiba, 17 May, 2011
  8. "송전선로 없는 새 발전소 가동정지 위기 - 이투뉴스," e2news.com, Jan 26, 2015
  9. "'삼척그린파워' 화력발전소 위용 드러나," Newsis, June 21, 2015
  10. "대한민국 현장을 찾아서) 한국남부발전 삼척그린파워 1·2호기 건설현장," ElecTimes, May 18, 2016
  11. "삼척그린파워 1호 발전소 상업운전 개시," Yonhap News, Dec 17, 2016
  12. "건설中 원전·석탄발전, 차기 정권에서 운명은?," EBN, May 6, 2017
  13. "노후 석탄발전소 가동중단에 따른 미세먼지 저감 효과, 신규 석탄발전소 증설로 상쇄 우려," kfem.or.kr, Jul 25, 2017
  14. "한국남부발전 삼척발전본부 2호기 상업운전 개시," KW Times, 2017/06/13
  15. 15.0 15.1 "Financing Dirty Energy: How Korean Public Financial Institutions Support Coal Power". Solutions for Our Climate. January 2018.

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