Korea will build as many as 18 thermal power plants by 2027 while also significantly expanding the generation capacity of clean, renewable power sources, such as solar and wind farms, the government said yesterday. The move comes as the country’s electricity consumption is expected to grow by an annual average of 2.2 percent, from 482.5 billion kilowatt-hours this year to 655.3 billion kilowatt-hours by 2027.
The country’s peak power demand is expected to grow at a faster rate of 2.4 percent per year from 79.7 million kilowatts in 2013 to over 110 million kilowatts in 2027, according to the Ministry of Knowledge Economy.
The government sets a 15-year power supply plan in place every two years. The latest is the sixth of its kind. Under the new plan, the government seeks to increase the total generation capacity of clean, renewable sources to 12 percent of total consumption in 2027, compared with only 7 percent in 2025 under the fifth power supply plan announced two years earlier.
For full article, see Joongang Daily.