Shin Seocheon power station

From Global Energy Monitor

Shin Seocheon power station (신서천 발전소), also known as the Sin Seocheon or New Seocheon power station, is a 1,018-megawatt (MW) coal-fired power station in South Chungcheong Province, South Korea.

The power station replaced the retired 400-MW Seocheon power station nearby.

In 2016, Korea Midland Power and Seocheon-gun signed the Shin Seocheon Thermal Power Plant Construction Implementation Agreement, which included plans to restore the Dongbaekjeong Beach and build a resort.[1]

Location

The undated satellite photo below shows the new power station, north of the retired Seocheon power station.

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Background

Around 2013, owner Korea Midland Power Co. (KOMIPO) proposed to replace the 400-MW Seocheon power station with a new 1,000 MW ultra-supercritical unit.[2][3]

On May 6, 2017, the new unit was reported as under construction and 19% complete.[4] Planet satellite photos show construction progress from May 2017 to April 2018.

The unit was planned for operation in 2020,[5] later changed to 2021.[6]

In May 2021, Korea Midland Power noted the power station was 99% complete and scheduled to start full-scale operation by the end of June 2021. The total project cost was 1.6 trillion won, and the unit was reportedly 1,018 MW.[7]

The power station began operating on July 1, 2021.[8]

In November 2021, the power station appeared to be facing urea shortages, which is needed to limit air pollution emissions.[9]

Opposition

The power station has faced intense opposition. For example, in 2017, fishermen protested maritime construction and demanded compensation. The company’s beach restoration project also led to disagreements between local residents.[7]

When the power station began operating in July 2021, members of civic and environmental groups gathered in front of the new unit’s gate to hold a press conference urging Korea Midland Power to stop operation. The press conference was hosted by the Chungnam Action for Climate Crisis, Beyond Coal, and the Seocheon Fine Dust High Voltage Transmission Line Damage Countermeasures Committee. It featured over 100 activists from 17 civic and environmental groups from all over the country.[10]

Financing

The unit was financed through bonds from the following entities: National Pension Service (US$140,172,016), NongHyup Life Insurance (US$12,188,514), Nonghyup Property and Casualty Insurance (US$3,046,988), NH Investment Securities (US$127,981,711), Korea Post (US$9,142,030), IBK Affiliates (US$18,284,060), and Industrial Bank of Korea (US$3,046,863).[11]

Project Details of proposed power station

  • Sponsor: Korea Midland Power Co. (KOMIPO)
  • Parent company: KEPCO
  • Location: Maryang-ri, Seocheon County, South Chungcheong Province, South Korea
  • Coordinates: 36.144144, 126.495938 (exact)
  • Status: Operating
  • Capacity: 1,018 MW[12]
  • Type: Ultra-supercritical
  • In Service Year: 2021
  • Planned Unit Retirements: Scheduled to close by 2051.[13]
  • Coal Type:
  • Coal Source:
  • Source of financing: debt from National Pension Service (US$140,172,016), NongHyup Life Insurance (US$12,188,514), Nonghyup Property and Casualty Insurance (US$3,046,988), NH Investment Securities (US$127,981,711), Korea Post (US$9,142,030), IBK Affiliates (US$18,284,060), and Industrial Bank of Korea (US$3,046,863)[11]

Articles and resources

References

  1. “김윤기 중부발전 서천건설본부장 ‘깨끗하고 안전한 신서천화력 구축할 것’,” EPJ, February 8, 2021
  2. "신서천 유연탄 火電, 1GW 1기로 건설 추진," e2news, November 18, 2013
  3. "한전기술, 신서천화력 건설사업 설계기술용역 수주," Korea Power Engineering, August 11, 2015
  4. "건설中 원전·석탄발전, 차기 정권에서 운명은?," EBN, May 6, 2017
  5. "신서천火電, 주기기 설치 본격화… 2020년 3월 준공," e2enews, April 18, 2018
  6. "초고효율 친환경 발전소, 신서천화력발전소 건설," KOMIPO, accessed May 2020
  7. 7.0 7.1 "신규 석탄발전 건설 어디까지 왔나…④충남 신서천화력발전소," ekn, May 9, 2021
  8. “한국, 지금도 석탄화력 5기 건설 중인 ‘기후악당국’,” khan, August 30, 2021
  9. “군색한 서천화력, 요소수 비축량 '쉬쉬'…구매계약 앞두고 '속앓이',” fnnews, November 15, 2021
  10. “전국17개 시민·환경단체 신서천화력발전소 가동중단 기자회견,” newssc, July 7, 2021
  11. 11.0 11.1 "Financing Dirty Energy: How Korean Public Financial Institutions Support Coal Power". Solutions for Our Climate. January 2018.
  12. “초고효율 친환경, 신서천발전본부,” Komipo, accessed November 2021
  13. "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

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External resources