South Korea looks to build new gas-fired power plants to meet demand

Six new gas-fired power plants may be built in South Korea by the end of 2017

Six new gas-fired power plants may be built in South Korea by the end of 2017, Platts reported. The plants will have a combined generating capacity of 5.06 million megawatts and help the nation meet its increasing electricity demand.

The proposed gas-fired plants are part of a revised long-term power supply plan for South Korea, the source reported. If the government approves the plan, the plants would be built and in operation between June 2015 and December 2017.

In addition to the gas-fired plants, the country is also considering construction of six new coal-fired power plants, which would generate a total of 10.74 million kilowatts. If approved, these plants would be built between June 2018 and the end of 2020, Platts reported.

A CNN article stated a total of 1,200 new coal-fired power plants have been proposed worldwide. However, in the United States alone, 55 coal-fired power plants were closed in 2012. Coal accounts for more than 40 percent of the total worldwide carbon dioxide emissions from energy, according to CNN.

PennEnergy's research area offers details on the power market in South Korea.

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