Shin Pyeongtaek Combined Cycle Power Plant is a 942.9MW gas fired power project. It is located in Gyeonggi, South Korea. The project is currently active. It has been developed in multiple phases. The project construction commenced in 2017 and subsequently entered into commercial operation in October 2019.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 942.9 | 942.9 | – | Active | Gyeonggi, South Korea | Shin Pyeongtaek Power |
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Description
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The project was developed by Shin Pyeongtaek Power. Korea Western Power, GS Energy and KB Asset Management are currently owning the project having ownership stake of 40%, 35% and 25% respectively.
It is a Combined Cycle Gas Turbine (CCGT) power plant.
The project cost is $912.477m.
Development Status
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By GlobalDataThe project construction commenced in 2017 and subsequently entered into commercial operation in October 2019.
Power Purchase Agreement
The power generated from the project is sold to Korea Power Exchange under a power purchase agreement.
Contractors Involved
POSCO Engineering & Construction and Seohee Construction were selected to render EPC services for the gas fired power project.
Shin Pyeongtaek Combined Cycle Power Plant (Shin Pyeongtaek Combined Cycle Power Plant Gas Turbine I) is equipped with Mitsubishi Power M501J – 60Hz gas turbine. The phase consists of 1 gas turbine with 319.2MW nameplate capacity.
Shin Pyeongtaek Combined Cycle Power Plant (Shin Pyeongtaek Combined Cycle Power Plant Gas Turbine II) is equipped with Mitsubishi Power M501J – 60Hz gas turbine. The phase consists of 1 gas turbine with 319.2MW nameplate capacity.
Shin Pyeongtaek Combined Cycle Power Plant (Shin Pyeongtaek Combined Cycle Power Plant Steam Turbine) is equipped with Mitsubishi Power steam turbine. The phase consists of 1 steam turbine with 304.5MW nameplate capacity.
Mitsubishi Power supplied electric generator for the project.
Doosan supplied steam boiler for the project.
KEPCO KPS Philippines, Korea Western Power and Mitsubishi Power were contracted to render operations & maintenance services for the project.
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.
