- Tongyeong Eco Power, following its collaboration with Tongyeong
City in 2021, entered into a cooperative agreement with Goseong County,
Gyeongsangnam-do, on the 14th.
- Anticipated enhancement of continuous mutual cooperation
for local economic activation and regional development.
Tongyeong Eco Power Co., Ltd. is steadily expanding its
cooperative efforts for regional development while advancing power plant
construction.
Tongyeong Eco Power, responsible for the development and operation of the Tongyeong LNG Power Plant, has been proactively fostering collaboration for regional development. Following a partnership agreement with Tongyeong City in 2021, the company recently signed a cooperation agreement with Goseong County, Gyeongsangnam-do, on the 14th.
Under this new agreement, Tongyeong Eco Power will actively
involve local businesses in construction, procurement, and fabrication tasks
related to the plant, prioritizing the engagement of local labor. The company
aims to put forth greater efforts toward regional collaboration and economic
growth.
Tongyeong Eco Power, as a part of the energy development
project undertaken by HDC Group for stabilizing South Korea's power supply and
boosting local economies, involves Hyundai Development Company (HDC), Hanwha
Energy, and Hanwha Construction as shareholders. In accordance with the 6th
Basic Plan for Power Supply and Demand released by the government in 2013, an
investment of 1.3 trillion KRW has been allocated for constructing a
1,012MW-class LNG power plant with a 200,000kL-capacity LNG tank in the stable
national industrial complex of Tongyeong City. The project, which received
construction approval in December 2020, began with the commencement of the LNG
terminal in April 2021 and has been progressing smoothly since the
groundbreaking in November of the same year.
The current construction progress stands at 60%, and
Tongyeong Eco Power aims to commence commercial operation of the power plant in
July 2024. During the construction phase, approximately 1,000 workers are
engaged daily, totaling around 700,000 workers annually. In the operational
phase, approximately 150 personnel are expected to be stationed on-site,
contributing to the influx of population in the region. Both Tongyeong City and
Goseong County are projected to benefit significantly from the government's support
programs for areas around the power plant, thereby enhancing local economic
activity.
A representative from Tongyeong City stated, "We will
continue to explore avenues of mutual cooperation with Tongyeong Eco Power to
foster regional growth and coexistence." Similarly, an official from
Goseong County remarked, "We will actively consider the opinions of local
residents and proceed with the construction of the power plant."
A spokesperson from Tongyeong Eco Power mentioned,
"Tongyeong Eco Power will steadfastly reinforce collaboration with
Tongyeong City and Goseong County to contribute to the future growth of the
region, including economic revitalization." Additionally, they emphasized,
"Tongyeong LNG Power Plant exclusively utilizes clean LNG, a pollution-free
and eco-friendly fuel."
Image 1: Conceptual Image of the Tongyeong LNG Power Plant /
Image 2: Location Map of the Tongyeong LNG Power Plant