Bugok CCGT Power Plant Phase IV (Dangjin 4) is a 903MW gas fired power project. It is located in South Chungcheong, South Korea. The project is currently active. It has been developed in multiple phases. The project construction commenced in 2014 and subsequently entered into commercial operation in July 2017.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 903 903 Active South Chungcheong, South Korea GS EPS

Description

The project was developed by GS EPS. GS Holdings and OQ SAOC are currently owning the project having ownership stake of 70% and 30% respectively.

It is a Combined Cycle Gas Turbine (CCGT) power plant.

The project cost is $606m.

Development Status

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The project construction commenced in 2014 and subsequently entered into commercial operation in July 2017.

Contractors Involved

GS E&C was selected to render EPC services for the gas fired power project.

Siemens was selected as the turbine supplier for the Gas fired project. The company provided 2 units of SGT6-8000H gas turbines, each with 294MW nameplate capacity.

Siemens was selected as the turbine supplier for the Gas fired project. The company provided 1 unit of SST6-5000 steam turbine with 315MW nameplate capacity.

Siemens supplied SGen6-2000H electric generator for the project.

Siemens supplied steam boiler for the project.

Siemens is the O&M contractor for thermal power project.

About GS EPS

GS EPS Co Ltd (GS EPS), formerly LG Energy Co Ltd, a subsidiary of GS Holdings Corp, is a power company that generates electricity with natural gas and renewable energy. The company constructs and operates thermal power plants, biomass power plants, and fuel cell power plants. It offers services such as long-term power supply agreements, project planning, project financing, and equipment design and supplying services. GS EPS operates LNG fired combined cycle power plant in Dangjin, Chungnam Province; and Biomass Power Plant in Shandong, China. The company serves across South Korea. GS EPS is headquartered in Seoul, South Korea.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.