POSCO ENERGY is operating Incheon Combined LNG Power Plant and has been supplying electricity stably for the past 50 years. Incheon Combined LNG Power Plant holds its installed capacity of 3,412MW, about 10% of the Capital generating unit capacity.
It is also scheduled to construct a power plant sized 2,100MW in Samcheok till 2024 by running its subsidiary, POSPOWER.
In addition to the existing LNG power plant, it holds a generating unit of total 5,512MW and has established a foothold for continuous growth. Samcheok Power Plant is expected to construct Korea’s highest level of ecofriendly power plant by introducing the state-of-the-art environmental facilities and applying the internal administrative standards that are much stricter than the Environment Ministry requirements.
POSCO ENERGY is carrying forward a gas business that can maximize a synergy in connection with the operation of the LNG power plant based on gas business’ global market size and future growth. To achieve this, it secured Gwangyang LNG Terminal and made efforts to operate a safe terminal and at the same time, developed a derivative business to expand the gas business value chain and is leading in creating a new revenue model.
POSCO ENERGY is carrying forward a new and renewable energy business including sunlight and wind power in Shinan-gun, Jeollanam-do.
Solar Farm of 14.5MW and Onshore Wind Farm of total 62.7MW are in service. Offshore Wind Power Plant of 300MW is expected to be developed additionally and the Company is performing the government’s ‘Renewable Energy 3020’ policy actively.
It is also running a district heating supply facility using abandoned sewage heat.
POSCO ENERGY established Korea Fuel Cell, the fuel cell specialized company to seek substantiality of fuel cell business and strengthen the competitiveness. Fuel cell is an ecofriendly and high efficient distributed power that does not require a transmission network. POSCO ENERGY has completed vertical systematization in all sectors of the fuel cell ranging from design, manufacturing, installation to maintenance and management for the first time in Korea. Currently, 20 fuel cell power plants are being operated in Korea.
POSCO ENERGY is carrying forward a power generation business overseas as well as in Korea briskly. It constructed a by-product gas power plant of 200MW in Indonesia and is now operating it and constructed a thermal power plant of 1,200MW in Vietnam first time as private power generator and even now does not stop its step toward growth to become the most powerful global combined energy company.
In the future, POSCO ENERGY will enter the gas business including direct introduction of LNG beyond the existing power generation business and simultaneously provide the preemptive solutions for environmental issues and respond to the changes in future electric power industry. We promise that we will overcome our limits by internalizing corporate citizens, the management philosophy of POSCO Group based on various energy businesses and jump up to be a global comprehensive energy company focused on gas& power.
We look forward to your continued interest and affectionate support.