South Korea Aims to Close Half of its Coal Fired Power Fleet

Coal

The South Korean government aims to close half of the country’s close to 60 unit coal fired power fleet by 2034, with ten units to be shut by the end of 2022 (including four already taken offline), according to a speech by the country’s president. Units to be shut were not specified. Solar and wind operations are expected to replace the lost power generation capacity. This follows other initiatives to tackle pollution, such a programme of temporary coal power plant closures that started in December 2019.

South Korea imported 58.5 Mt of steam coal (including anthracite) in January-July, the weakest level for the period since 2010, according to IHS collected data.