Shin Boryeong power station
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Shin Boryeong power station (신보령화력) is an operating power station of at least 2000-megawatts (MW) in Poryong-gun, Ocheon, Poryong, South Chungcheong, South Korea. It is also known as Sin Boryeong power station, Shin Poryong power station, f.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Shin Boryeong power station | Poryong-gun, Ocheon, Poryong, South Chungcheong, South Korea | 36.384613, 126.486169 (exact) |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Unit 1, Unit 2: 36.384613, 126.486169
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | Start year | Retired year |
|---|---|---|---|---|---|---|
| Unit 1 | operating | coal - bituminous | 1000 | ultra-supercritical | 2017 | 2047 (planned) |
| Unit 2 | operating | coal - bituminous | 1000 | ultra-supercritical | 2017 | 2047 (planned) |
Table 3: Unit-level ownership and operator details
| Unit name | Owner |
|---|---|
| Unit 1 | Korea Midland Power Co Ltd (KOMIPO) [100.0%] |
| Unit 2 | Korea Midland Power Co Ltd (KOMIPO) [100.0%] |
Financing
- Source of financing: debt from National Pension Service (US$280,344,033), NongHyup Life Insurance (US$24,377,027), Nonghyup Property and Casualty Insurance (US$6,093,975), NH Investment Securities (US$255,963,421), Korea Post (US$18,284,060), IBK Affiliates (US$36,566,018), and Industrial Bank of Korea (US$6,093,727)
Older plant location
See "Boryeong power station" for the old Boryeong units owned by KOMIPO[1] in South Korea, about one km to the north of the new units.
Background on Shin Boryeong power station
Shin Boryeong power station units 1 and 2 are scheduled for completion in 2016-2017.[2]
Due to technical complications, unit 1 was postponed for commissioning to January 2017 and unit 2 to June 2017.[3]
On May 6, 2017, the power station was reported as 98% complete, with unit 1 planned for June and unit 2 in September.[4]
Unit 1 was commissioned on June 29, 2017.[5] Unit 2 began commercial operations in October 2017.[6]
During an interview in April 2023, the head of Korea Midland Power stated that the Shin Boryeong Power Plant had been selected for demonstrating "domestic coal-fired ammonia co-firing technology," and that he was confident that the plant would "maintain its competitiveness for a long time by maintaining a complementary relationship with new and renewable energy under very favorable conditions." [7]
It was also reported in April 2023 that trials were underway at the Shin Boryeong plant to demonstrate the potential for thermoelectric power generation using "exhaust gas emitted from Shin-Boryeong Thermal Power Plant Unit 1."[8]
Financing for Shin Boryeong power station
The project was financed through bonds from the following entities: National Pension Service (US$280,344,033), NongHyup Life Insurance (US$24,377,027), Nonghyup Property and Casualty Insurance (US$6,093,975), NH Investment Securities (US$255,963,421), Korea Post (US$18,284,060), IBK Affiliates (US$36,566,018), and Industrial Bank of Korea (US$6,093,727).[9]
Planned retirement
Units 1 and 2 are scheduled to close by 2047.[10]
Articles and Resources
References
- ↑ "Coal-Fired Power Plants in South Korea," Industcards, accessed Feb 2015
- ↑ "Shin-Boryeong Units 1 & 2 Groundbreaking Ceremony," Kepso, Dec 20, 2012.
- ↑ "중부발전 신보령 1호기 부품 고장으로 상업운전 연기," Yonhap News, Sep 25, 2016
- ↑ "건설中 원전·석탄발전, 차기 정권에서 운명은?," EBN, May 6, 2017
- ↑ "중부발전, 1,000MW급 신보령화력 1호기 상업운전 개시," todayenergy.kr, June 29, 2017
- ↑ "중부발전, 100만 급 국산화 발전소 '신보령 2호기' 상업운전 - 모닝경제," Morning Economics, Oct 13, 2017
- ↑ 인터뷰 꿈과 기회의 현장을 이끄는 이성재 한국중부발전 신보령발전본부장 Pressian, April 10, 2023
- ↑ 열전발전 시스템! 신보령화력에서 꽃 피운다 Energy Times, April 12, 2023
- ↑ "Financing Dirty Energy: How Korean Public Financial Institutions Support Coal Power". Solutions for Our Climate. January 2018.
{{cite web}}: CS1 maint: url-status (link) - ↑ "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
Additional data
To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.
