Long-term Power Management Plan Finalized
The Ministry of Trade, Industry and Energy announced that South Korea’s annual nuclear power generation would be 201.7 TWh and its ratio to the total would be 32.4 percent in 2030 according to its long-term plan finalized on Jan. 12.
In addition, LNG-based power generation and renewable energy-based power generation are planned to reach 22.9 percent (142.4 TWh) and 21.6 percent (134.1 TWh), respectively. Power generation from coal will be 19.7 percent (122.5 TWh) and that from hydrogen and ammonia is estimated at 2.1 percent (13 TWh). Compared to the previous government’s plan, the ratio of nuclear power generation is 8.5 percentage points higher and that of renewable generation is 8.6 percentage points lower.
According to the ministry, nuclear power generation will reach 34.6 percent (230.7 TWh) and renewable generation will reach 30.6 percent (204.4 TWh) in 2036. In addition, coal and LNG will be reduced to 14.4 percent (95.9 TWh) and 9.3 percent (62.3 TWh), respectively.
When it comes to renewable energy sources for power generation, the government is planning to reach a balance by reducing the proportion of solar power and increasing that of wind power. The solar-wind power facility ratio was 92:8 in 2021 and will be changed to 66:34 in 2036.