The South Korean government finalized its ninth national power supply plan on Dec. 28. According to it, half of coal-fired power plants in South Korea will be shut down within 15 years for the purpose of carbon reduction, 11 old nuclear power plants will be shut down at the ends of their service lives without any service life extension, and LNG- and renewable energy-based power generation will be expanded to offset the resultant decrease in power supply. At present, a total of 60 coal-fired power stations are in operation in South Korea. Half of them that have a combined capacity of 15.3 GW and have been in operation for more than 30 years will be shut down by 2034. Still, seven new coal-fired power stations with a capacity of 7.3 GW will be built as planned. As a whole, the capacity of such facilities will be reduced from 35.8 GW to 29 GW from this year to 2034.
Business Korea 29th Dec 2020 read more »