Poseung Biomass Cogeneration (Korea)

DAELIM Energy established Poseung Green Power on September 13, 2014 to develop a cogeneration power plant in Poseung, Gyeonggi Province. The Plant is designed to generate up to 174.3 tons of steam and 43.2MW of electricity per hour using wood biomass as a fuel source The Plant can maximize its overall gross efficiency over 70% as it generates both electricity and steam.

The construction was started in March 2016, and the Plant commenced its commercial operation in March 2018.

The electricity is sold to Korea Electric Power Corporation while the steam is sold to companies operating within Asan National Industrial Complex in Poseung. Under the Korean government’s Renewable Portfolio Standard (RPS), the electricity generated by the Plant is eligible to receive a Renewable Electricity Certificate (REC) and be also sold to Korea Power Exchange market.

※ RPS System: A mandatory system in which an independent power producer must generate and sell a set quota of new and renewable energy from a total amount of electricity generated. If an IPP company fails to deliver the quota, it is obligated to purchase a Renewable Electricity Certificate (REC) from a third producer to fulfill its mandatory quota.

※ REC: A certification that proves that an IPP company has generated and sold electricity using a new and renewable energy production facility.

Poseung Green Power

Project Outline

Project Outline
Company Name Poseung Green Power
Location Asan National Industrial Complex, Poseung, Gyeonggi, Korea
Generation Type Combined Heat and Power generation
Fuel Wood Chips and Wood Pellets
Capacity Steam - 174.3ton/h, Electricity - 43.2MW
Commercial Operation 2018.03
EPC Contractor DAELIM Industrial
Major Shareholder DAELIM Energy (69.97%)