Power Group Online Article |  | |
23 December 2004 - South Korea's installed power generation capacity reached 60 GW with the opening Thursday of the Yeongheung Thermal Power Plant, the Ministry of Commerce, Industry and Energy said.
The new plant consists of two generators for burning soft coal that can each produce 800 MW of power, a 60 per cent increase over conventional coal-burning generators with 500 MW output.
The soft coal costs a third less than liquefied natural gas, which translates into economic benefits for the country, the ministry said.
The plant, located on Yeongheung Island off the northwestern port city of Incheon, will transfer electricity to the mainland using a series of power cable suspension towers. Construction of the facility took over five years and cost 2.31tn won
($2.19bn).
South Korea's installed capacity in 2002 was 53.4 GW. The country's long-term power development plan envisages capacity rising to 80 GW by 2015.
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