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Doosan and Korea Midland Power to Improve Performance of 500MW Thermal Power Plants

2015. 06. 25

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- Project to Improve Plant efficiency by 3%, reduce fuel costs by over 20 billion won per unit per year - Expected to cut CO2 emissions by 120,000 tons per year, contributing to environmental improvement
  • □ On June 25 Korea Midland Power (KOMIPO) (President & CEO CHOI, Pyeong-Rak) and Doosan Heavy Industries & Construction (Chairman & CEO Geewon Park) signed an agreement to jointly conduct a state-funded project to develop demonstration technology to enhance the efficiency of the main equipment and improve the performance of 500 MW standard thermal power plants.
  • □ The state-funded project entails developing advanced prototypes of the steam turbine and boiler, featuring enhanced power efficiency of 3 percent (i.e. by increasing the temperature of steam from 538 Celsius to 593 Celsius) and their installation at the thermal power plant. If plant efficiency is increased by 3 percent, it will cut the fuel cost by 20 billion won per unit per year, as well as reduce carbon dioxide emissions by 120,000 tons per year, and thus have a significant effect on improving the environment.
  • □ KOMIPO and Doosan plan to create prototypes for the main equipment and various auxiliary equipment, by the end of 2018. After conducting a demonstration, the existing equipment of Boryeong Thermal Power Plant Unit 3 will be replaced with the upgraded ones.
  • □ Korea has twenty 500MW standard thermal power plants as of now, and if the project proves to be successful, more plant performance improvement projects are expected to follow.
  • □ Choi, Pyeong-Rak, President & CEO of KOMIPO, said, “This project will serve as a watershed that will help upgrade technology to improve the plant performances,” adding, “Upon successfully conducting the state-funded project, we aim to open a beachhead for Korean companies’ advance into overseas, achieve shared growth with domestic small and medium-sized enterprises, and create more jobs.”
  • □ Boryeong Thermal Power Plant Unit 3, which was completed in 1993, was Korea’s first 500MW coal-fired thermal power plant for which the design and production of equipment and facilities, construction, and test operation were conducted with homegrown technology.
Choi Pyeong-Rak(left), President & CEO of Korea Midland Power and Ji Taik Chung, Vice Chairman & COO of Doosan Heavy Industries & Construction at the agreement
Choi Pyeong-Rak(seventh from left), President & CEO of Korea Midland Power and Ji Taik Chung(eight from left), Vice Chairman & COO of Doosan Heavy Industries & Construction at the agreement are taking a picture.
On June 25 Korea Midland Power and Doosan Heavy Industries & Construction signed an agreement to jointly conduct a state-funded project to develop demonstration technology to enhance the efficiency of the main equipment and improve the performance of 500 MW standard thermal power plants.

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