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South Korea finalises power supply plan

Power News - Published on Wed, 03 Jan 2018

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REUTERS reported that South Korea has finalised a power supply plan that aims to make renewables the country's fuel of choice for power generation for the next 15 years. The plan is largely unchanged from a draft released earlier this month that outlined the gradual reduction in use of coal and nuclear fuel as the usage of gas and renewables for power generation increased over 2017-2031. South Korea ministry said in a statement that "We plan to carry out the country's energy policy shift smoothly based on the outline of the plan.”

South Korea plans to meet 20 percent of its total electricity consumption with renewables by 2030.

To achieve that goal, Asia's fourth-largest economy aims to increase its installed capacity of renewable power to 58.5 gigawatts (GW) by 2030, from 11.3 GW this year.

Last week, the energy ministry said the plan called for adding 30.8 GW of solar power generating capacity and 16.5 GW of wind power capacity.

South Korea now generates more than 70 percent of its power from coal and nuclear, while renewables account for 6 percent.

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Posted By : Nanda Koijam on Wed, 03 Jan 2018
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