# Hanwha Energy and HDC Holdings to build $1.2B LNG plant in Tongyeong, South Korea

Hanwha Energy and HDC Holdings signed a partnership to build a 1,012 MW combined cycle power plant and a 200,000-kiloliter LNG tanker in Tongyeong, South Korea, with a total investment of 1.4 trillion won ($1.21 billion). Commercial operation is expected from early 2024.

- Type: New facility
- Announced: 2019-11-06
- Where: Tongyeong, South Korea, South Korea
- Value: $1.21B (1400.0B KRW)
- Starts operating: 2024
- Status: announced
- Capacity: 1,012 MW combined cycle power plant; 200,000-kiloliter LNG tanker
- Products: LNG, electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hanwha Energy](https://endata.com/companies/27275.md)
- [HDC Holdings](https://endata.com/companies/43151.md) (partner)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/9054138), 2019-11-06: "The project will help the company focus more on the renewable energy business."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.