The Daesan II Combined Cycle Power Plant is 1,000MW gas fired power project. It is planned in South Chungcheong, South Korea. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2021.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 1,000 | – | 1,000 | Permitting | South Chungcheong, South Korea | CGN New Energy Holdings |
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Description
The project is being developed and currently owned by CGN New Energy Holdings.
It is a combined cycle gas turbine (ccgt) power plant.
The project cost is expected to be around $727.1m.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2021.
About CGN New Energy Holdings
CGN New Energy Holdings Co Ltd (CGN New Energy), a subsidiary of CGN Energy International Holdings Co Ltd, is an independent power producer. It generates electricity and steam using conventional and non-conventional energy sources. The company acquires clean and renewable power generation projects besides developing greenfield and brownfield projects. CGN New Energy constructs and operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, cogeneration, and fuel cell plants in China and South Korea. The company’s portfolio of assets also comprises steam project. Its major customers are electricity off-takers. The company sells power through Korea Power Exchange. CGN New Energy is headquartered in Hong Kong.
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.
