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  1. Market Data
January 28, 2022

Busan Biomass Power Plant, South Korea

By Carmen

Busan Biomass Power Plant is a 25MW biopower project. It is located in Busan, South Korea. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in November 2013.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Biopower 25 25 Active Busan, South Korea POSCO Engineering & Construction

Description

The project was developed by POSCO Engineering & Construction.

The project supplies enough clean energy to power 40,000 households, offsetting 174,000t of carbon dioxide emissions (CO2) a year. The project cost is $47.939m.

The process of combustion has been adopted in this project to release the stored energy from the feed. Wood waste which is a kind of wood by-product is used as a feedstock to power the project.

Development Status

The project got commissioned in November 2013.

Contractors Involved

POSCO Engineering & Construction was selected to render EPC services for the biopower project.

About POSCO Engineering & Construction

POSCO Engineering & Construction Co Ltd (POSCO E&C), a subsidiary of POSCO, is a provider of construction and engineering services. POSCO E&C offers services such as business planning to design, procurement, construction and operation. The company executes the construction of steel plants, environmental plants, power plants, mining and industrial plants, urban development, chemical plants and building works projects. POSCO E&C carries out civil works for roads, railways, harbors, land development and hydroelectric power projects. The company has operations in various countries across Asia, South America, the Middle East and Europe. The company is headquartered in Pohang-si, 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.

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