Conventional power plant generating electricity by burning fossil fuels is a traditional power that uses coal, natural gas and fuel oil as fuels for energy provision. Gas-fueled generating facilities are primarily used to meet peak demand because they are flexible to operate. Although natural gas generation is more expensive compared to coal fired plants due to higher fuel cost, gas-fueled plants are cheaper, take less time to build, and even produce cleaner energy, which is preferred for sustainable future. This is why business opportunities exist in environmentally-conscious developed/developing countries or in oil-producing regions such as the Middle East and Latin America. With the increased production and distribution of shale gas in recent years, gas plants are expected to be the key source of electricity in the future.
DAELIM Energy has built profound portfolio about development of combined cycle power plant through operation capability of 1,560MW Pocheon (Korea) combined cycle which is commercially operated since 2014. Moreover, in 2019, DAELIM Energy also succeeded in development of 1,085MW Niles (USA) combined cycle currently under construction, and it is slated for commercial operation in 2022.
As coal is cheap and common, coal-fueled generating plants are widely used to generate baseload. Thus, business opportunities exist especially in area where coal is abundant and accessible, such as Southeast Asia, Africa, India, and China. Although coal is an abundant and cheap fuel source, interest in coal generation has decreased due to its adverse environmental impacts. However, current emissions from it have dropped dramatically thanks to technological innovations, making coal the obvious choice of power for many countries. Lately, mine mouth power plants have become increasingly popular as they ensure easier access to coal supply.
Since DAELIM Energy got its start in coal-fired generation when it purchased shares in Australia’s Millmerran Power Station in 2014, DAELIM Energy is expanding and seeking its business in emerging countries that confront difficulties in development using LNG. In 2020, DAELIM Energy took over coal-fired power plant for copper and lithium mining companies in Chile where it halted LNG supply.