South Korea

FINEX— 146 MW Natural Gas

Gas

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The FINEX is a key infrastructure asset in South Korea's power generation grid, located on the continent of Asia. Designated as a fossil fuel electricity generation station, the facility features an installed capacity of 146 MW. Its primary operation relies on harnessing gas energy resources to generate bulk electricity. Operational management and ownership of the facility are handled by the POSCO, which oversees daily maintenance and grid dispatch integration. The facility was officially connected to the commercial grid in 2007, since which it has maintained regular output, playing a structured role in domestic power supply security. In terms of domestic production capacity within South Korea, FINEX occupies the #61 position among all operational gas power plants. Its 146 MW capacity represents a 0.19% share of South Korea's total installed gas generating capacity, which currently stands at 76,023 MW. The largest operational gas installation in South Korea is the Taean Thermal Power Plant with an output of 6,446 MW, making the FINEX approximately 44.2 times smaller by comparison. Across all fuel types and electricity generation technologies country-wide, this facility accounts for 0.0571% of South Korea's aggregate generation capacity of 255,681 MW. Based on historical capacity factors characteristic of gas power plants (modeled at 40% for analysis), the facility's expected annual electricity generation is calculated at approximately 511,584 MWh. Applying domestic consumption statistics where an average household in South Korea consumes 3 MWh of electricity annually, this level of production is sufficient to meet the energy demands of roughly 170,528 homes. By utilizing traditional thermal power processes, the station delivers reliable dispatchable energy to the grid, supporting grid resilience during periods of low renewable resource availability and satisfying industrial base-load demands. The physical site of the station is located at geographic coordinates 36.0352° latitude and 129.4011° longitude. Analysis of local grid infrastructure shows a density of other assets within a 50-kilometer radius. These nearby facilities include the Shin Wolsong Nuclear Power Plant (nuclear, 4566 MW), the Wolsong Nuclear Power Plant (nuclear, 4566 MW), the Wolsong (nuclear, 2799 MW), representing a cluster of localized power assets. This geographic placement is vital for reinforcing regional distribution infrastructure and minimizing transmission line losses across this sector of South Korea.