Korea Hydro & Nuclear Power Plans to Construct Pumped-Storage Power Plants

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Researched by Industrial Info Resources (Sugar Land, Texas--Korea Hydro & Nuclear Power Company Limited (KHNP) (Gyeongju-si) has set up a pumped-storage power plant construction plan and has selected three regions through voluntary bids from local governments in seven regions in accordance with the government's Basic Plan for Electricity Supply and Demand.

Three new construction areas were selected: Yeongdong, Hongcheon and Pocheon. Afterwards, a preliminary design was carried out, and a preliminary feasibility study for public institutions began last year.

The president of Korea Hydro & Nuclear Power said, "Through the construction of the pumped-storage power plant, KHNP will fulfill its responsibility and role in laying the groundwork for the eco-friendly energy business and advancing the era of carbon neutrality."

Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports for the Yeongdong, Hongcheon and Pocheon projects.

A pumped-storage power plant uses surplus power to pump water up to the upper dam and then drops the water to the lower dam to produce electricity when there is a shortage of electricity. In the past, nuclear and thermal generation were mostly used as auxiliary power sources, but pumped-storage's role is gradually expanding as a backup facility to compensate for intermittency and volatility caused by the increase in renewable energy.

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