South Korea will completely shut down three out of the ten coal-fired power plants that are over 30 years old by the end of this year. This is a follow-up measure taken by the Moon Jae-in administration which previously announced a temporary shutdown of eight old coal power plants during the month of June.
The one month-long shutdown of the eight old coal power plants can cause a 68-billion-won increase in electricity bills.
The Ministry of Trade, Industry, and Energy announced on May 30 that after a month of temporary shutdown in June, the coal-fired Seocheon Power Plant No. 1 and No. 2 and the Youngdong Power Plant No. 1 will enter a process of permanent shutdown from July.
The ministry added that the Seocheon Power Plant No. 1 and No. 2 are expected to be completely shut down by October or November this year. The Youngdong Power Plant No. 1 will be transformed into a renewable energy plant by replacing its fuel to biomass. email@example.com
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