Shin Boryeong power station

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Shin Boryeong power station (신보령화력) is an operating power station of at least 2000-megawatts (MW) in Poryong-gun, Ocheon, Poryong, South Chungcheong, South Korea. It is also known as f, Sin Boryeong power station, Shin Poryong power station.

Location

Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
Shin Boryeong power station Poryong-gun, Ocheon, Poryong, South Chungcheong, South Korea 36.384613, 126.486169 (exact)

The map below shows the exact location of the power station.

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Unit-level coordinates (WGS 84):

  • Unit 1, Unit 2: 36.384613, 126.486169

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year Retired year
Unit 1 operating coal: bituminous 1000 ultra-supercritical 2017 2047 (planned)
Unit 2 operating coal: bituminous 1000 ultra-supercritical 2017 2047 (planned)

Table 3: Unit-level ownership and operator details

Unit name Owner Parent
Unit 1 Korea Midland Power Co Ltd [100%] Korea Electric Power Corp [100.0%]
Unit 2 Korea Midland Power Co Ltd [100%] Korea Electric Power Corp [100.0%]

Financing

  • Source of financing: debt from National Pension Service (US$280,344,033), NongHyup Life Insurance (US$24,377,027), Nonghyup Property and Casualty Insurance (US$6,093,975), NH Investment Securities (US$255,963,421), Korea Post (US$18,284,060), IBK Affiliates (US$36,566,018), and Industrial Bank of Korea (US$6,093,727)

Older plant location

See "Boryeong power station" for the old Boryeong units owned by KOMIPO[1] in South Korea, about one km to the north of the new units.

Background on Shin Boryeong power station

Shin Boryeong power station units 1 and 2 are scheduled for completion in 2016-2017.[2]

Due to technical complications, unit 1 was postponed for commissioning to January 2017 and unit 2 to June 2017.[3]

On May 6, 2017, the power station was reported as 98% complete, with unit 1 planned for June and unit 2 in September.[4]

Unit 1 was commissioned on June 29, 2017.[5] Unit 2 began commercial operations in October 2017.[6]

Co-firing trials: Ammonia and exhaust gas

During an interview in April 2023, the head of Korea Midland Power stated that the Shin Boryeong Power Plant had been selected for demonstrating "domestic coal-fired ammonia co-firing technology," and that he was confident that the plant would "maintain its competitiveness for a long time by maintaining a complementary relationship with new and renewable energy under very favorable conditions." [7] Reporting in 2024 indicated that plans were underway to co-fire 20% ammonia at the power station in 2027.[8]

It was also reported in April 2023 that trials were underway at the Shin Boryeong plant to demonstrate the potential for thermoelectric power generation using "exhaust gas emitted from Shin-Boryeong Thermal Power Plant Unit 1."[9]

Financing for Shin Boryeong power station

The project was financed through bonds from the following entities: National Pension Service (US$280,344,033), NongHyup Life Insurance (US$24,377,027), Nonghyup Property and Casualty Insurance (US$6,093,975), NH Investment Securities (US$255,963,421), Korea Post (US$18,284,060), IBK Affiliates (US$36,566,018), and Industrial Bank of Korea (US$6,093,727).[10]

Planned retirement

Units 1 and 2 are scheduled to close by 2047.[11]

Articles and Resources

References

  1. "Coal-Fired Power Plants in South Korea," Industcards, accessed Feb 2015
  2. "Shin-Boryeong Units 1 & 2 Groundbreaking Ceremony," Kepso, Dec 20, 2012.
  3. "중부발전 신보령 1호기 부품 고장으로 상업운전 연기," Yonhap News, Sep 25, 2016
  4. "건설中 원전·석탄발전, 차기 정권에서 운명은?," EBN, May 6, 2017
  5. "중부발전, 1,000MW급 신보령화력 1호기 상업운전 개시," todayenergy.kr, June 29, 2017
  6. "중부발전, 100만 급 국산화 발전소 '신보령 2호기' 상업운전 - 모닝경제," Morning Economics, Oct 13, 2017
  7. 인터뷰 꿈과 기회의 현장을 이끄는 이성재 한국중부발전 신보령발전본부장 Pressian, April 10, 2023
  8. [전문가 기고 화력발전소의 암모니아 20% 혼소 기술 암모니아 혼소 발전, 무탄소 발전원으로 중추 역할 가능], Gas News, January 4, 2024
  9. 열전발전 시스템! 신보령화력에서 꽃 피운다 Energy Times, April 12, 2023
  10. "Financing Dirty Energy: How Korean Public Financial Institutions Support Coal Power". Solutions for Our Climate. January 2018.{{cite web}}: CS1 maint: url-status (link)
  11. "Assessing the Health Benefits of a Paris-Aligned Coal Phase Out for South Korea," Annex II (Unit-level phase out schedules), Climate Analytics, May 2021

Additional data

To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.