Thermal capacity accounted for 50.5% of total power plant installations globally in 2023, according to GlobalData, with total recorded thermal capacity of 4,608GW. This is expected to contribute 35.2% by the end of 2030 with capacity of installations aggregating up to 5,040GW. Of the total global thermal capacity, 1.81% is in South Korea. Listed below are the five largest upcoming thermal power plants by capacity in South Korea, according to GlobalData’s power plants database. GlobalData uses proprietary data and analytics to provide a complete picture of the global thermal power segment. Buy the latest thermal power plant profiles here.
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1. Hadong LNG Combined Cycle Power Plant
The Hadong LNG Combined Cycle Power Plant is a 3,000MW thermal power project located in South Gyeongsang, South Korea. It is being developed by Korea Southern Power. The project is currently in permitting stage. The project is expected to enter commercial operation in 2026. The project is owned by Korea Southern Power. Buy the profile here.
2. Samcheok Blue Power Plant
Samcheok Blue Power Plant is a 2,100MW thermal power project in Gangwon, South Korea. Samcheok Blue Power is developing this project. The project is expected to come online by 2024. The project is currently in under construction stage. It is owned by NongHyup Bank; POSCO Energy; Others; POSCO Engineering & Construction; Doosan Enerbility. Buy the profile here.
3. Gangneung Anin Thermal Power Plant
The 2,080MW Gangneung Anin Thermal Power Plant is located in Gangwon, South Korea. It is owned by Others; Samsung C&T; Korea South-East Power. The thermal project is currently in partially active stage. Gangneung Eco Power is developing this project. Buy the profile here.
4. Yeongheung LNG Power Plant
The Yeongheung LNG Power Plant is a 1,600MW thermal power project. It is planned in Incheon, South Korea. The project is currently in announced stage. It will be developed by Korea South-East Power. Post completion of construction, the project is expected to get commissioned by 2034. Korea South-East Power is the owner of the project. Buy the profile here.
5. Ulsan Bugok-dong Combined Cycle Power Plant
The 1,227MW thermal project, Ulsan Bugok-dong Combined Cycle Power Plant is expected to get commissioned by 2024. It is being developed by Ulsan GS. The project is currently in under construction stage. Ulsan GS is the owner of the project. Buy the profile here.
For more details on the latest thermal power plants, buy the project profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Plants database, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide.
