South Korea Home to First Gigawatt-Class LNG/LPG Combined-Cycle Power Plant

Researched by Industrial Info Resources (Sugar Land, Texas)--Ulsan GPS is the world's first gigawatt (GW)-class combined-cycle power plant to be powered by liquefied natural gas (LNG) and liquid petroleum gas (LPG). SK Gas (Gyeonggi-do, South Korea) invested KRW 1.4 trillion (US$1 billion) to begin construction in March 2022. Its power generation capacity is 1.2 GW, and its annual power production is enough for 2.8 million households to use for a year based on a monthly usage of 250 kilowatt-hours per household.

The Ulsan GPS combined-cycle power plant is scheduled to be completed by the end of this year and then begin commercial operation. Subscribers to Industrial Info's Global Market intelligence (GMI) Power and Plant database can click here for a detailed project report and here for a plant profile.