Korea Midland Power (KOMIPO), the South Korean power utility said it has recently held a groundbreaking ceremony for Jeju LNG combined cycle power plant (CCPP) located in Jeju City.
When completed in June 2018, the 240MW LNG power plant will supply about 20% of the total power demand in the Jeju region, contributing “significantly to the energy self-reliance of the island,” KOMIPO said in its statement.
“The Jeju LNG CCPP will not emit pollutants like ultrafine dust and will minimize GHG emissions to prepare a springboard for realization of a carbon-free Jeju,” KOMIPO President & CEO Chung Chang-Kil said at the groundbreaking ceremony.
The total construction costs of the project are expected to be around 260.9 billion won ($229.3m).
KOMIPO said it concluded in June a contract with GE Energy Products France, a subsidiary of General Electric, for the supply of main equipment for the LNG power plant.
Under the contract, worth about 185 billion won ($162.6m), GE EPF will supply main equipment, including gas turbine, steam turbine and heat recovery steam generator, for the power plant and provide technical support, the utility said in the statement.
KOMIPO is a unit of state-owned Korea Electric Power Corporation (KEPCO).
1 South Korean won = 0.000879 U.S. dollars
LNG World News Staff