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

KOFU, JAPAN--August 29, 2024--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.