Poseung-Daelim Energy Biomass Energy Project is a 43.2MW biopower project. It is located in Gyeonggi, South Korea. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in March 2018.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Biopower | 43.2 | 43.2 | – | Active | Gyeonggi, South Korea | DL Energy |
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Description
The project was developed by DL Energy and is currently owned by Poseung Green Power.
The project cost is $201m.
The process of composting has been adopted in this combined heat and power (CHP) project to release the stored energy from the feed. Wood by-product is used as a feedstock to power the project.
The project consists of 1 turbine with 43.2MW nameplate capacity.
Development Status
The project got commissioned in March 2018.
Power Purchase Agreement
The power generated from the project is sold to Korea Power Exchange under a power purchase agreement.
About DL Energy
DL Energy Ltd (DL Energy), a subsidiary of DL E&C Co Ltd, is a power generating company which develops, invests and operates power projects. The company generates energy through gas, coal, wind, solar and bio mass sources. The company’s business portfolio includes following plants; pocheon power, millmerran power station, poseung green power, highway solar, Jordan tafila wind project, ema power investment and daelim ema management, Pakistan hawa wind project and Bangladesh summit power. It operates in Korea, Australia, Middle East, Latin America, Southeast Asia, Africa, India, China, Philippines, Indonesia, Vietnam, and North Africa Regions. Daelim Energy is headquartered at Pocheon, 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.
