View of the Honam Coal-Fired Power Plant located in Yeosu, South Jeolla. The Ministry of Trade, Industry and Energy on Tuesday announced that Korea’s oldest coal power plant will be permanently shut at midnight on Dec. 31.
President Moon Jae-in pledged that Korea will completely phase out coal-based power generation by 2050 at the G20 summit in Rome Sunday.
Fine dust emissions from coal plants more than halved over the past four-month period compared with two years earlier, data showed Monday, after the country limited their operations during the winter.
According to budgets submitted to the boards of directors of each of the power companies each projects net losses between 200 and 300 billion won ($181 million to $271 million).
Korea JoongAng Daily Sitemap