SMG Biomass Power Plant is a 100MW biopower project. It is planned in North Jeolla, South Korea. The project is currently in permitting stage. It will be developed in single phase. 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 | 100 | – | 100 | Permitting | North Jeolla, South Korea | SMG Energy |
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Description
The project is being developed and currently owned by SMG Energy.
The project cost is expected to be around $186.18m.
The process of combustion will be adopted in this project to release the stored energy from the feed. Wood pellets which is a kind of wood by-product will be used as a feedstock to power the project.
Development Status
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The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
Contractors Involved
SK Engineering & Construction is expected to render EPC services for the biopower project.
Sumitomo SHI FW Energia is likely to be the supplier of the steam boiler 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.
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