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November 29, 2021

Naepo Biomass Power Plant, South Korea

By Carmen

Naepo Biomass Power Plant is a 39MW biopower project. It is planned in South Chungcheong, South Korea. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Biopower 39 39 Permitting South Chungcheong, South Korea Naepo Green Energy


The project is being developed and currently owned by Naepo Green Energy.

The project cost is expected to be around $64.003m.

Naepo Biomass Power Plant is a combined heat and power (CHP) project. Wood pellets which is a kind of wood by-product will be used as a feedstock to power the project.

Development Status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.

Contractors Involved

LOTTE Engineering & Construction is expected to render EPC services for the biopower project.

About Naepo Green Energy

Naepo Green Energy Co Ltd (NGECL) is a power operator of natural gas, coal, and oil-fired electric generating units. The company is located in South Korea.


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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