Korea East-West Power (CEO Kim Young-moon)’s Honam Thermal Power Units 1 and 2 (total 500MW) will be decommissioned on the 31st after completing 48-year power production missions.
East-West Power held the ‘Honam Thermal Power Retirement Ceremony: A Beautiful Finish, a Hopeful New Start’ at the Honam Power Headquarters on the 28th. The event was attended by officials including Minister of Industry Moon Seung-wook, East-West Power President Kim Young-moon, Yeosu Mayor Kwon Oh-bong, National Assemblyman Joo Cheol-hyeon (Yeosu City), and Yeosu City Council Chairman Jeon Chang-gon.
East-West Power is currently operating a 15MW fuel cell power plant that can generate 125,000 MWh of electricity per year using idle land within the Honam Power Plant headquarters. Eco-friendly power generation facilities are planned to be built on the site of the existing Honam Power Headquarters in line with the government’s carbon neutrality and energy transition policies.
East-West Power is promoting a collective energy project that supplies energy such as electricity and heat to industrial facilities at the site of the Honam Power Headquarters. It plans to participate in Yeosu Green Energy, a special purpose corporation (SPC) as a shareholder, to build and operate power generation facilities that produce steam (214 Gcal/h) and electricity (495 MW).
Kim Young-moon, president of East-West Power, said, “The transition to eco-friendly energy is a task that must be put into practice from now on. We will actively develop the