# 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.

- Type: New facility
- Announced: 2021-04-15
- Where: Tongyeong City, Gyeongsangnam-do Province, South Korea
- Value: $1.21B
- Starts operating: Q1 2024
- Status: announced
- Capacity: 1,012MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hyundai Development Co](https://endata.com/companies/43347.md)
- [Tongyeong Eco Power](https://endata.com/companies/52489.md)
- [General Electric](https://endata.com/companies/1262.md) (supplier)
- [Hanwha Engineering & Construction](https://endata.com/companies/43892.md) (partner)

## Sources

- [nsenergybusiness.com](https://www.nsenergybusiness.com/projects/tongyeong-combined-cycle-power-project/), 2021-04-15: "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."

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