The conversion of Korea's oldest coal power generation to 'green fuel'... Leading greenhouse gas reduction

The conversion of Korea's oldest coal power generation to 'green fuel'.Leading greenhouse gas reduction

Korea South East Power Co., Ltd.

Reduce greenhouse gas emissions by 4.17 million tons last year. It is the only domestic power generation company to do so.

Expansion of renewable energy such as solar energy... Increase the portion to 25% by 2030

Korea South-East Power Co., Ltd. (President Yoo Hyang-yeol, hereinafter "Namdong Power Co." or "KOEN") is the only one among the five power generation companies to achieve greenhouse gas reduction since the emission trading system was implemented in 2015. In particular, 2019 was the first year in the country to achieve a reduction in greenhouse gas emissions, with 12.09 million tons cut from 2018, of which South-East Power Co. cut greenhouse gas emissions by 4.17 million tons, accounting for about 35 percent of the total reduction.

South-East Power Co.'s greenhouse gas reduction results are the result of its efforts to drastically convert coal-fired power (wood pellets), expand the use of low-carbon, high-calorie coal, and actively implement government policies under energy efficiency management and fine dust reduction measures (upper limit pharmaceuticals, seasonal management systems). In particular, the country's oldest aged coal power plant, Yeongdong 1, was converted into an eco-friendly fuel, a wood pellet electric power plant in 2017, and the second plant will also be transformed into a wood pellet electric power plant within this year.

In addition, the company is making various efforts to realize innovative inclusive growth through technological cooperation with small and medium-sized companies while taking the lead in implementing eco-friendly energy conversion, such as reducing the proportion of coal-fired power, building alternative LNG, and expanding renewable energy. In particular, the company aims to increase the ratio of renewable energy to 25 percent by 2030 by expanding large-scale renewable energy sources, including the development of institutional cooperation business models such as the first Tamra Marine Wind Power Complex (30MW) and the construction of a demonstration complex (100kW) for farming solar power plants, and the largest Gunsan Water Condition Yangkwang (18.7MW) in Korea and Sinan Solar Energy (150MW) using waste sites. It is also stepping up efforts to develop new and renewable energy sources overseas such as Chile's 50MW and Pakistan's Gulpur hydroelectric power generation (102MW).

In March 2016, Korea's first carbon fund was created to support small and medium-sized companies and farmers through funding and administrative support for southeastern power generation, and in January this year, it pushed for a project to reduce greenhouse gas emissions (high-efficiency lighting replacement) in traditional markets that can not only improve the energy environment of traditional markets but also reduce greenhouse gas emissions. It is also pushing for commercialization (C2U plant) that utilizes carbon capture and utilization (CCU) for the first time in Korea, and is planning to expand other power plants and spread them to other companies based on its accumulated technologies and know-how in operation.