The world’s largest fuel cell power plant capable of powering 130,000 homes will be installed in Hwasung City, Gyeonggi Province.
Samchully Co., POSCO Power Co., Korea Hydro Nuclear Power Co., Gyeonggi Province Government, and Hwasung City exchanged a Memorandum of Understanding for “Gyeonggi Province Renewable Energy Development Project” on March 7.
The 60㎿ fuel cell power plant, in which a total of 320 billion won will be invested, is scheduled to be built in the Baran Industrial Complex in Hwasung City, Gyeonggi Province. As the first phase of the project, the construction of a 15㎿ fuel cell power plant will start this year and be completed in June, 2012. Once completed, a construction of a 45㎿ fuel cell power plant which is the second phase of the project, will follow aiming to complete its construction by June, 2013.
This 60㎿ fuel cell power plant will generate 464GWh of electricity and 200,000 Gcal heat, which is 70% of the residential electricity consumption of the city. Thanks to the plant, an annual reduction in CO₂ emissions is also expected to reach 60,000 tons.