Korea to expand renewable energy’s role in power supply

Korea’s dependency rate on renewable energy sources in total electricity supply is likely to rise to 12 percent by 2027, the Ministry of Knowledge Economy seid on Thursday. In the first National Energy Basic Plan for 2008 to 2030, the energy policy master plan, the portion of electricity from renewable energy sources to the total supply by 2027 was put at 7 percent.

The new target for renewable energy sources came in a draft of the 6th Basic Plan for Long-Term Electricity Supply and Demand for 2013 to 2027. This plan is updated by the ministry biannually for the nation’s long-term electricity-related policy direction, and the ministry will finalize the draft by next week at the latest following a public hearing and a review by the electricity policy committee.

According to the draft of the sixth, the ministry will increase the total electricity generation capacity to 130 million kilowatts by 2027, a 20 to 30 million kilowatt increase from the previous plan, to iron out an electricity shortage issue.

For full article, see Korea Herald.

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