SK D&D announced on the 27th that it has signed a contract for the engineering, procurement, and construction (EPC) project of the Kumyang Eco Park fuel cell power plant.
The SK consortium, formed by SK D&D and SK Ecoplant, will jointly undertake the EPC of the 20MW fuel cell power plant Kumyang Eco Park on a 2,000-pyeong site within the Boeun Industrial Complex in Chungbuk. The total contract amount is 122.6 billion KRW, of which SK D&D's share is approximately 83%, amounting to about 101.6 billion KRW.
Kumyang Eco Park is a fuel cell power plant jointly developed through a special purpose company (SPC) established by SK D&D, Kumyang Green Power Co., Ltd., and Korea East-West Power Co., Ltd. Commercial operation is scheduled to begin in December this year, with completion targeted for February 2025.
SK D&D will be responsible for supplying the main equipment and overall project management, while SK Ecoplant will handle the completion. Kumyang Green Power Co., Ltd. will manage project development and power plant construction management, and Korea East-West Power Co., Ltd. will handle the purchase of Renewable Energy Certificates (REC) and power plant operation management.
Including the currently operating Cheongju Eco Park (20MW) and Eumseong Eco Park (20MW), SK D&D will have a cumulative 60MW capacity of fuel cell power plants in the Chungbuk region with the addition of Kumyang Eco Park (20MW). Once Chilgok Eco Park (20MW) and Yakmok Eco Park (9MW), which are currently under construction, are completed this year, the total capacity will reach 89MW.
Additionally, SK D&D has secured development rights for approximately 300MW of fuel cell power projects in Paju (31MW), Chungju (40MW), Daesowon (40MW), and Asan (40MW), which are currently under development.
Kim Haejung, Head of Energy Solutions Division at SK D&D, said, "Through the Kumyang Eco Park EPC project contract, we expect to contribute to improving the power self-sufficiency rate and revitalizing the local economy in the Chungbuk area, where power self-sufficiency is low. We will create a sustainable renewable energy ecosystem by diversifying business models such as community-based fuel cells."
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