Siemens Energy has received another order to deliver its highly efficient HL-class power plant technology to South Korea. The equipment will be used in the Eumseong Unit 1 combined cycle power plant (CCPP), which will be built in Eumseong in northwestern Chungcheongbuk-do Province. The CCPP will be built in place of a previously planned 1,000-megawatt (MW) coal-fired power plant that was cancelled following a change in the South Korean government's environmental policy. The switch to a modern high-efficiency gas-fired power plant will reduce CO 2 emissions by up to 3.7 million tons per year compared to a similar coal power plant. The client is Korea East-West Power Co, Ltd, a subsidiary of South Korea's state-owned utility Korea Electric Power Corp. (KEPCO). The new plant is scheduled to be commissioned in late 2024.
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 91,000 people worldwide in more than 90 countries and generated revenue of €28.5 billion in fiscal year 2021.