Increase in Support Funds for Dam Surrounding Area Projects... 'Chungju Dam Basic Support Fund Raised from Maximum 1.15 Billion to 2.05 Billion Won'

'Dam Construction Act Enforcement Decree' Partial Amendment Draft Approved at Cabinet Meeting

[Sejong=Asia Economy Reporter Ju Sang-don] Support funds for dam surrounding area support projects will be increased. In the case of Chungju Dam, the basic support fund will be provided up to 2.05 billion KRW, increased from the previous 1.15 billion KRW.

The Ministry of Environment announced that the partial amendment draft of the 'Enforcement Decree of the Dam Construction and Surrounding Area Support Act,' which includes these details, was approved at the Cabinet meeting on the 14th. The amended decree will be promulgated on the 16th and take effect immediately.

The amendment improved the calculation standards for basic and additional support funds for multipurpose dams and flood control dams. First, the amounts per coefficient (power generation, water supply, storage capacity) used as the basis for calculating the basic support fund were increased and subdivided according to dam size.

Accordingly, for Chungju Dam, which exceeds an annual power generation capacity of 800 GWh, an annual water supply of 2 billion m³, and a total storage capacity of 2.5 billion m³, a maximum basic support fund of 2.05 billion KRW (previously up to 1.15 billion KRW) will be provided.

Additionally, the calculation formula for additional support funds was improved, and the adjustment intervals for the additional support fund adjustment coefficient were revised from five intervals to four. The standard amounts set for each interval were also increased to ensure appropriate support funds are allocated to large dam surrounding areas such as Chungju Dam, Soyanggang Dam, Daecheong Dam, and Andong Dam.

The detailed project contents of the dam surrounding area support projects will also include 'carbon-neutral projects.' Specifically, 'carbon-neutral infrastructure installation projects' such as installing zero-emission vehicle charging facilities and joint eco-friendly renewable energy equipment have been added to the detailed contents of the dam surrounding area support projects.

Son Ok-ju, Director of Water Resources Policy at the Ministry of Environment, stated, "With this amendment to the Dam Construction Act Enforcement Decree, satisfaction with dam surrounding area support projects is expected to increase, and the transition to a carbon-neutral society that coexists with local residents will be promoted. The Ministry of Environment will continue to strive to enhance the value of dams and ensure sustainable dam surrounding area support projects."

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