The Gumi Combined Cycle Power Plant is 501.4MW gas fired power project. It is planned in North Gyeongsang, South Korea. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in December 2025. Buy the profile here.
Description
The project is being developed and currently owned by Korea Western Power. The company has a stake of 100%.
It is a CCGT with Cogen power plant.
The project cost is expected to be around $363.916m.
Development status
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by December 2025.
Contractors involved
LOTTE Engineering & Construction is expected to render engineering procurement construction services for the gas fired power project.
For more details on Gumi Combined Cycle Power Plant, buy the profile here.
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.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
