Gyeongbuk Province to Establish Hydrogen Fuel Cell Power Plant on Former Ssangyong Cement Site in Mungyeong as Part of Urban Regeneration Project

Exterior view of Ssangyong Cement.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Gyeongbuk Province announced that on the 13th at 3 PM, a groundbreaking ceremony for the hydrogen fuel cell power plant will be held at the former Ssangyong Cement site in the Mungyeong economic-based urban regeneration project area.

The event will be attended by Lee Cheol-woo, Governor of Gyeongbuk Province; Go Yun-hwan, Mayor of Mungyeong; Ko Woo-hyun, Chairman of the Gyeongbuk Provincial Council; Park Hyung-duk, President of Korea Western Power; Hwang Gyu-yeon, President of Korea Mine Reclamation Corporation; local provincial and city council members; and Yoon Tae-il, Chairman of the Residents' Council.

The "Mungyeong Hydrogen Fuel Cell Power Plant" will be constructed on the former Ssangyong Cement site (15,000㎡) with a capacity of 40 MW and operated for 20 years. The construction of the hydrogen fuel cell power plant will enable the supply of electricity to approximately 90,000 households based on a four-person family and provide city gas to 1,673 households.

Additionally, all facility spaces within the urban regeneration project area will receive hydrogen production energy supply, and 35 billion KRW in tax revenue will be secured from the operation of the power plant, along with 5.7 billion KRW in regional support funds for the area near the power plant.

The hydrogen fuel cell power generation project initiated today is part of the economic-based urban regeneration project selected in last year's Ministry of Land, Infrastructure and Transport competition.

The Mungyeong economic-based urban regeneration project is the first attempt to utilize the former Ssangyong Cement Mungyeong Plant, an UNKRA industrial heritage site, with a total project cost of 353.2 billion KRW to be invested by 2026. It will establish a hydrogen fuel cell power plant, a green energy platform infrastructure, a sports convergence theme facility, and a world healing center, creating 3,880 direct and indirect jobs.

Through this urban regeneration project preserving and creatively reusing industrial heritage, the Shingidong area, where a complex cultural space will be established, will be reborn as a new economic hub of the tourism, culture, and arts city of Mungyeong.

Governor Lee Cheol-woo of Gyeongbuk Province stated, "This hydrogen fuel cell power generation project will be a great boost to Gyeongbuk, which is striving to diversify and take the lead in the hydrogen industry," adding, "As this is the first urban regeneration project utilizing industrial heritage, I am confident it will succeed and become a new landmark of Mungyeong."

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