Hanan-Gas Corporation Agree on 400,000t Natural Gas Individual Tariff Supply for Cogeneration Plant

[Asia Economy Reporter Kim Bo-kyung] Korea District Heating Corporation announced on the 30th that it has signed a supply and acceptance agreement for a fixed natural gas contract volume individual tariff system with Korea Gas Corporation for its three combined heat and power plants.

Accordingly, Hanran will receive supply through Gas Corporation applying the individual tariff system for an annual volume of approximately 400,000 tons over about 15 years starting from 2023.

Hanran's combined heat and power plants in Yangsan (119 MW), Daegu (261 MW), and Cheongju (261 MW) are large consumers with facility capacities over 100 MW, and agreed on the individual tariff system conditions considering economic efficiency and volume management stability.

Hwang Chang-hwa, President of Hanran, said, "With this agreement, we have secured natural gas stably," and added, "We will strengthen cooperation to build a mutual cooperation platform between the two companies regarding natural gas supply and demand, and promote future new businesses such as hydrogen and develop new technologies."

He also said, "We will continue to strive so that combined heat and power plants using natural gas, an eco-friendly clean fuel, can contribute to enhancing public benefits through reductions in heat and electricity charges."

This content was produced with the assistance of AI translation services.