New & Renewable Energy “VISON2025”
Goal : Changing 14.3% of total amount of electric power to New & Renewable Energy Until 2024
- Share of Renewables in 2012 0.19% 113.5GWh
- Share of Renewables in 2017 1.99% 1,324GWh
- Share of Renewables in 2030 20% 13,187.8GWh
Development Policy and Strategy
Basic Development Policy
- Make a foothold for a sustainable growth by acquiring new growth engines
- Develop optimal portfolios to discover new energy resources
- With related organizations to discover new energy resources
Phased Strategy
1Step, 2012~2014(3years) Generation rate 3%, 2Step, 2015~2024(8years) Generation rate 15%
- Develop businesses which have high economic efficiency
- Develop unparalleled specifies
- Prepare for the future with research and development
- Develop large scale renewable energy facilities : IGOCC, Onshore Wind Power and tidal Power
- Leap forward to be the company specialize in renewable energy
The Korean Government set target that 10% of gross generating should some from renewable energy resources by 2022.
Project Scheme
RPS Outline
RPS (Renewable Portfolio Standards)Regulation that requires the increased production of renewable energy 0
Provisions of the RPS of renewable energy
| Law |
Ordinances, Regulations |
Notification |
| ‘10. 3. 18 |
‘10. 9. 7 |
‘10. 12. 30 |
Who’s in RPS?
Electricity supply companies that have capacity over 500㎿
Capacity of 500MW or more power company information
| Group1(over 5,000㎿) |
KOEN(KOSEP), KOMIPO, WP, KOSPO, EWP, KHNP |
| Group2(under5,000㎿) |
KDHC, Kwater, K-power, GS EPS, Poscopower etc. |
Yearly National Target
Information of the annual national target
| Production Volume |
‘23 |
‘24 |
‘25 |
‘26 |
‘27 |
‘28 |
‘29 |
‘30 |
| Amount(%) |
13.0 |
13.5 |
14.0 |
15.0 |
17.0 |
19.0 |
22.5 |
25.0 |
Estimated Cost for RPS (Considering KHNP’s Reduction)
Estimated Cost for RPS (Considering KHNP’s Reduction) info
| Year |
6 Gencos |
KOEN(Kosep) |
| Capacity |
Cost |
Capacity |
Cost |
| 2012 |
1,500㎿ |
4,500 mil $ |
180㎿ |
540 mil $ |
| 2024 |
17,500㎿ |
45,000 mil $ |
2,100㎿ |
6,925mil $ |
- Cost
Recovery
- Surcharging on
Electric rates
Weighting of Renewable Energy Sources(1REC ≒ 40~60 ￦/㎾h, Except REC for P.V)
Information ratio of renewable energy sources
| 2.0 |
1.5 |
1.0 |
0.5 |
0.25 |
Fuel Cell,
Tidal, Offshore |
Offshore(in 5㎞)
Biomass |
Hydraulic, Onshore Bio·RDF, Waste Gas |
Waste,
LFG |
IGCC |
Developing Strategy
Short Term Strategy / Developing Short Construction-Period Energy
Concentrate Fuel Cell, Onshore Wind, Hydro Enforce cooperation with local government for Photovoltaic Power in proper time by RPS
Middle and Long Term Strategy / Establish foundation for High Capacity Energy
Offshore Wind Power : Yeongam, Yeongheung Feasible study for IGCC in our power plant site Trying to developing Biomass Energy
economic, Good - OffshoreWind > OnshoreWind > Photovoltaic > Fuel Cell > IGCC - Bad
