The FINEX power generation facility, situated in South Korea, is ranked as the 143rd largest plant in the country. With a generation capacity of 146 MW, this gas-fired facility plays a modest yet crucial role in the overall energy landscape of South Korea. Commissioned in 2007 and operated by POSCO, FINEX contributes to approximately 0.06% of the national capacity, which stands at 256,029 MW. Its position highlights the significance of gas as an energy source in a country where coal remains the dominant fuel. Utilizing advanced gas technology, FINEX operates efficiently to convert natural gas into electricity, reflecting a global trend towards cleaner energy sources. In a nation characterized by its reliance on coal, this facility exemplifies a shift towards diversifying the energy portfolio and reducing carbon emissions. The facility's ranking as the 61st largest gas plant out of 70 in South Korea underscores the challenges and opportunities present within the sector, as the country seeks to balance energy needs with environmental responsibilities. Located within a region abundant in nuclear power, FINEX is surrounded by several significant plants, including the 월성원자력발전소 and Shin Wolsong Nuclear Power Plant, both boasting a formidable capacity of 4566 MW each. The presence of such large-scale nuclear facilities provides a stark contrast to FINEX's capacity and highlights the reliance on diverse energy sources in the region. Other nearby plants include Wolsong, with a capacity of 2799 MW, and the Shin-Wolsong Nuclear Plant at 2000 MW, alongside the Cheongsong pumped-storage power station, which adds 600 MW of hydroelectric capacity. This concentration of energy generation facilities emphasizes the strategic importance of the region in meeting the energy demands of South Korea. As the nation continues to navigate its energy transition, the role of gas plants like FINEX becomes increasingly important in providing reliability and flexibility to the grid. The South Korean energy profile is evolving, with a clear shift towards renewables and a goal to reduce dependence on fossil fuels. The contributions of FINEX are vital in this context, as it helps stabilize the energy supply while supporting the integration of renewable energy sources. POSCO, the operator, is committed to enhancing the efficiency and sustainability of the FINEX facility, ensuring its alignment with national energy goals. As South Korea looks to the future, the operations at FINEX will be pivotal in shaping a more sustainable energy landscape, addressing both economic and environmental challenges.
19 years old
South Korea, Asia
- Primary Fuel Type
- Gas
- Energy Source
- Non-Renewable
- Country
South Korea- Continent
- Asia
- Data Source
- Global Power Plant Database
Gas power generation is a significant component of the global energy landscape, characterized by the use of natural gas to produce electricity. This process typically involves either gas turbines or combined cycle gas plants. In a gas turbine, compressed air is mixed with natural gas and ignited, producing high-temperature exhaust gases that spin a turbine connected to a generator. Combined cycle plants enhance efficiency by utilizing both gas and steam turbines. After the gas turbine generates electricity, the waste heat is used to produce steam, which drives a steam turbine, thereby maximizing energy extraction from the fuel.
Help us improve our database by reporting any corrections or updates. Your contribution helps keep our global power plant data accurate and up-to-date.