Korea Hydro & Nuclear Power to Promote 300MW Solar Power Project in Haechangman, Goheung, Jeonnam

Utilization of Large-Scale Saline-Affected Farmland... Target Completion by October 2023

Aerial view of solar power plant at Haechang Bay, Goheung-gun, Jeollanam-do. (Photo by Korea Hydro & Nuclear Power)

[Asia Economy Reporter Moon Chaeseok] Korea Hydro & Nuclear Power announced on the 28th that it has signed a Memorandum of Understanding (MOU) for the joint development of a 300MW-class solar power project on salt-damaged farmland in Haechang Bay, Goheung-gun, Jeollanam-do, with Hyundai Energy Solutions, Haemil Energy, and AJ Haemil Solar.

The project involves constructing solar power facilities using salt-damaged farmland in the Haechang Bay area of Podu-myeon, Goheung-gun, with a total project cost of approximately 377 billion KRW. Construction is scheduled to begin in November next year and is targeted for completion in October 2023.

After completion, the facility will produce about 370,000 MWh of electricity annually. This amount is sufficient to supply approximately 34,800 households in Goheung-gun for three years.

Salt-damaged farmland refers to reclaimed land with high salinity that can be temporarily used as a site for power plants.

Korea Hydro & Nuclear Power expects to provide stable income to farmers through land lease payments and contribute to securing jobs for residents and creating new employment opportunities.

After using the site for solar power generation for 20 years, the plan is to consult thoroughly with Goheung-gun and local residents to restore the land for agricultural use.

Jung Jae-hoon, President of Korea Hydro & Nuclear Power, said, "Taking this MOU as an opportunity, we will strive to build a power plant that can coexist and develop with local residents by producing eco-friendly energy, increasing farmers' income, and creating jobs."

He added, "We will continue to do our best to fulfill our role as a comprehensive energy company leading the realization of the Korean-style Green New Deal."

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