Hapcheon-gun Promotes Creation of Clean Energy Convergence Power Complex

LNG Power Generation Project Gains Momentum with Confirmation of the 9th Basic Plan for Electricity Supply and Demand

Perspective view of Hapcheon-gun Clean Energy Convergence Power Plant Complex (Photo by Hapcheon-gun)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hapcheon-gun, Gyeongnam announced on the 29th that the ‘Hapcheon Clean Energy Convergence Power Complex Development Project’ has entered the main track following the government's (Ministry of Trade, Industry and Energy) confirmation of the 9th Basic Plan for Electricity Supply and Demand on the 28th.

The Basic Plan for Electricity Supply and Demand is an administrative plan established by the government every two years for a 15-year period under the Electricity Business Act to ensure the stability of electricity supply and demand. The 9th Basic Plan covers energy supply and demand measures from 2020 to 2034.

The finalized plan includes the Hapcheon Clean Energy Convergence Power Complex Development Project as one of the measures to replace the currently operating 3GW coal-fired power plant by Korea Southern Power with an LNG power plant.

The 9th Basic Plan announced by the government includes major contents such as reducing nuclear power facilities by 3.9GW and coal power by 6.8GW by 2034, while increasing LNG combined cycle power plants by 16.8GW and renewable energy by 57.7GW.

Earlier, Korea Southern Power Co., Ltd., the project implementer, submitted a letter of intent to the Korea Power Exchange in September 2019 proposing the construction of an LNG power complex in Hapcheon to reduce coal power and transition to clean energy sources.

The ‘Hapcheon Clean Energy Convergence Power Complex Development Project,’ a campaign pledge of the 7th local government term aimed at securing future new growth engines for the county, plans to build a large-scale power complex with a total capacity of 800MW by investing a total project cost of 1.5 trillion KRW on 3.3 million square meters (1 million pyeong) in Dong-ri and Yangjeon-ri of Samga-myeon, and Pyeonggu-ri and Oecho-ri of Ssangbaek-myeon by Korea Southern Power. The complex will include ▲500MW LNG natural gas ▲80MW hydrogen fuel cells ▲200MW solar power.

Upon completion of this project, the county expects an increase in local tax revenue leading to improved financial independence, welfare enhancement for nearby residents through power plant surrounding area support projects, population inflow due to job creation, and revitalization of the local economy.

Moon Jun-hee, Mayor of Hapcheon-gun, said, "We will do our best to ensure the successful promotion of the Clean Energy Convergence Power Complex Development Project to overcome the crisis of local extinction."

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