[Ins and Outs of Coal Plants] (Gangneung Eco Power) Gangneung Anin
- DATE : 2022.06.20 16:57
- HIT : 1,955
Today, let's take a look at the most expensive 💸 new coal power plant being built.🔎
This is the Anin Coal Power Plant in Gangneung, Gangwon-do!
The actual construction cost is 5.6 trillion won!😨😱
The reality that we, as consumers of electricity, have to deal with this enormous amount after all...🤦🤷
Contrary to the worldwide trend of exiting coal power plants, Korea is rather building new coal power plants because of the market structure favorable to coal power generation.⚖️
The investment cost of coal power generation is compensated💰 through the 'General Cost Compensation Principle', and coal power plants are operated first according to the fuel cost market rules🏭.
"... In particular, although the production cost of coal power generation has increased due to environmental regulations and deteriorating competitiveness, the investment cost is adequately compensated under the current power market. Attorney Park Ji-hye argued that the burden of these additional costs would eventually be borne by the people, and that the root of the problem, the 'general cost compensation principle', should be discarded and the social costs of power generation sources should be reflected and a complete electricity market system should be implemented."
- Source: Korea Federation for Environmental Movement website
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