GS Engineering to build world's largest tidal power plant in South Korea

Jan 20, 2010 01:00 AM

GS Engineering & Construction will build the world's largest tidal power plant in South Korea, as the country boosts investments in renewal energy on environmental concerns.
The facility, to be operated by Korea Hydro & Nuclear Power Co., will have a total project cost of won 3.9 tn ($ 3.4 bn), GS Engineering said. Construction at a site in Incheon, near Seoul, will begin in the second half of 2011, pending approvals from regulators, it added.

The tidal power plant, with a capacity of 1.32 mm kW, is part of South Korea's efforts to pare emissions, which also include plans to increase the number of nuclear power stations to 32 from 20 by 2022.
South Korean companies will likely invest more than won 4 tn in renewable energy this year, up from won 3.2 tn last year, according to a government forecast.

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