HDC subsidiary building 1GW gas-fired power plant in Tongyeong, South Korea

Tongyeong Eco Power Corporation, a subsidiary of Hyundai Development Company, is building a 1,012MW gas-fired combined-cycle power plant in Tongyeong, South Korea, with an estimated investment of $1.21 billion. Construction is expected to start in 2021 and completion in the first half of 2024.

“Scheduled for commissioning in the first half of 2024, the Tongyeong combined-cycle power station is expected to supply enough electricity for approximately one million South Korean households.”nsenergybusiness.com

• 1 source
• nsenergybusiness.comTongyeong Combined Cycle Power Project - NS EnergyApr 15, 2021

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