Shin Boryeong power station
|This article is part of the CoalSwarm coverage of South Korea and coal|
Shin Boryeong (Poryong) power station (신보령화력) is a 2,000 megawatt (MW) coal-fired power station next to the existing Boryeong power station in Boryeong, Chungcheongnam-do, South Korea.
The two units are located about one km to the south of the Boryeong power station, which was built between 1983 and 2008.
Older plant location
The undated satellite photo below shows the existing Boryeong power station in South Korea, about one km to the north of the new units.
Background on Boryeong power station
The Boryeong power station consists of 8 coal-fired units of 500 MW each, built from 1983 to 2008, for a combined capacity of 4,000 MW. The scrubbers on Units 3-6 were retrofitted in the late 1990s. It is owned by KOMIPO.
Background on Shin Boryeong power station
Shin Boryeong power station units 1 and 2 are scheduled for completion in 2016-2017.
Due to technical complications, unit 1 is postponed for commissioning to January 2017 and unit 2 to June 2017.
On May 6, 2017, the power station was reported as 98% complete, with unit 1 planned for June and unit 2 in September.
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).
Project Details of Shin Boryeong
- Sponsor: Korea Midland Power (KOMIPO)
- Location: Boryeong-shi, Chungchengnam-do, South Korea
- Coordinates: 36.3846129, 126.4861697 (exact)
- Status: Operating
- Gross Capacity: Unit 1: 1,000 MW; Unit 2: 1,000 MW
- Type: Ultra-supercritical
- Projected in service: 2017
- Coal Type: Bituminous/Sub-bituminous
- Coal Source:
- 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)
- Planned Unit Retirements: Units 1 and 2 are scheduled to close by 2047.
Articles and resources
- "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
- "Financing Dirty Energy: How Korean Public Financial Institutions Support Coal Power". Solutions for Our Climate. January 2018.
- "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