South Korea MK News is reporting plans to build the largest fuel cell power plant led by industrial company Hanp Inc.:

Korea Western Power Co., Hanp Inc., KB Securities Co., Chungcheongbuk-do provincial government, and Jincheon-gun office on Friday signed a business partnership agreement at the provincial government’s office for the joint project of building a green energy power plant. The project involves building the world’s largest capacity 80-megawatt fuel cell power plant inside Hanp’s 27,000-square meter manufacturing site in Jincheon. 

Hanp, Korea Western Power, and KB Securities will set up a special purpose company and invest a combined 525 billion won for the project. The consortium will embark on the construction in September, this year, with an aim to complete and begin operations in September, next year. 

Once the fuel cell power plant begins operations, it will be able to produce 656-gigawatt hour electricity that can be supplied to about 240,000 households – which is 23 percent of total power usage in Jincheon-gun and 2.9 percent in North Chungcheong Province. The fuel cell power plant is expected to raise a total 3.4 trillion won from electricity sales during 20 years of operation. 

Source: Korea News

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

You May Also Like

Nationwide Hydrogen Plans for Switzerland and Korea

In April, Korea announced it will build out a hydrogen fueling station network via ...

Toyota Doubles Down on Fuel Cell Class 8 Truck

Toyota Press Release: Toyota today took the next great leap towards the future of ...

Ballard and Audi Extend Fuel Cell Development Agreement

Ballard Power Systems has a signed has signed a 3.5-year extension with Audi and their HyMotion ...

Hyundai autonomous fuel cell fleet drives Seoul to Pyeonchang

Korean leaders are taking advantage of the world’s attention toward the Olympics by showcasing ...

Team Exhibition Services – cellular phone gps monitoring privacy concerns, slightly

Microsoft Project Professional Get Microsoft Project Professional free. Task Professional 2010 offers you a ...

H2V Industry Selects HydrogenPro for 500MW Project

Press Release: After a nearly 12 months in-depth technical and commercial evaluation, H2V Industry ...