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January 11, 2022

Chuncheon Combined Cycle Power Plant, South Korea

By Carmen

Chuncheon Combined Cycle Power Plant is a 470MW gas fired power project. It is located in Gangwon, South Korea. The project is currently active. It has been developed in single phase. The project construction commenced in 2015 and subsequently entered into commercial operation in May 2017.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 470 470 Active Gangwon, South Korea Chuncheon Energy

Description

The project was developed by Chuncheon Energy. The project is currently owned by Korea East-West Power with a stake of 29.9%, POSCO Engineering & Construction with a stake of 29.9% and Hanjin Heavy Industries & Construction.

It is a CCGT with Cogen power plant. The fuel is procured from Korea Gas Corporation.

The project cost is $616.211m.

Development Status

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The project construction commenced in 2015 and subsequently entered into commercial operation in May 2017.

Contractors Involved

Mitsubishi and POSCO Engineering & Construction were selected to render EPC services for the gas fired power project.

Mitsubishi Power was selected as the turbine supplier for the Gas fired project. The company provided 1 unit of M501J gas turbine.

Mitsubishi Power was selected as the turbine supplier for the Gas fired project. The company provided 1 unit of SRT-50 steam turbine.

Mitsubishi Power supplied steam boiler for the project.

Mitsubishi Power is the O&M contractor for thermal power project.

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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