The Gimpo Combined Cycle Power Plant is 500MW gas fired power project. It is planned in Gyeonggi, South Korea. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in June 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 500 | – | 500 | Permitting | Gyeonggi, South Korea | GS Energy; Korea Western Power |
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Description
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The project is being developed by GS Energy and Korea Western Power. These companies also have ownership stakes in the project.
It is a ccgt with cogen power plant. The fuel will be procured from GS Energy.
The project cost is expected to be around $468.145m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by June 2023.
Contractors Involved
Doosan Heavy Industries & Construction will be the turbine supplier for the Gas fired project.
Doosan Heavy Industries & Construction will be the turbine supplier for the Gas fired project. The company is expected to provide 1 unit of DGT6-300H S1 gas turbine with 270MW nameplate capacity.
Doosan Heavy Industries & Construction is expected to be the supplier electric generator for the project.
Doosan Heavy Industries & Construction is likely to be the supplier of steam boiler for the project.
About GS Energy
GS Energy Corp (GS Energy) is an energy holding company that manufactures and markets transportation fuels. The company’s services include exploration and production, green growth, gas and electric power, refining and petrochemicals. It’s refining and petrochemicals services comprise manufacturing and marketing transportation fuels and other petrochemicals products. GS Energy’s gas and electric power services include LNG and district heating. The company operates exploration and production, electric power, district heating and gas distribution, solidifying projects in Cambodia, the UAE, Indonesia and the US. GS Energy is headquartered in Seoul, South Korea.
About Korea Western Power
Korea Western Power Co., Ltd. (KOWEPO), a subsidiary of Korea Electric Power Corporation (KEPCO), develops electricity resources, and generates and supplies electricity. The company’s power generation portfolio includes Taen, Pyeongtaek, Seoincheon, and Gunsan power complexes consisting of thermal, hydro, solar and combined cycle power plants; and solar power plants at Samrangjin, Sejong City and Gyeonggi. KOWEPO is headquartered in Seoul, 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.
