English
Publish with us
Subscribe
Asia Pacific‘s leading platform for sustainable development
News Energy

Korea to build dozens more nuclear power plants

The Chosun Ilbo
1 minute read

About 18 to 21 more nuclear power plants will be built by 2035, Minister of Trade, Industry and Energy Yoon Sang-jick said in a report to the National Assembly on Tuesday. 

“We set the proportion of nuclear power plants to all domestic power generation facilities at 29 percent by 2035,” he said. 

This is lower than the target of 41 percent in the 2008 energy plan but exceeds the current proportion of 26.4 percent.

To reach the target of 29 percent by 2035, Korea will have to build between 18 and 21 more nuclear power plants, or about one a year. Five are under construction and six at the planning stage. 

Korea currently has 23, but several are superannuated.

The country’s total electricity consumption is expected to reach 70.2 million tons of oil equivalents in 2035, up 80 percent from 39.1 million TOEs in 2011. The country needs to increase the capacity of nuclear plants by more than 80 percent. 

For renewable energy, the ministry has set a far less ambitious target of 11 percent as recommended by a public-private working group.

The government will hold a public hearing on Wednesday and then gather further opinions before the Cabinet finalizes the plan. 

Like this content? Join our growing community.

Your support helps to strengthen independent journalism, which is critically needed to guide business and policy development for positive impact. Unlock unlimited access to our content and members-only perks.

Find out more and join us. →

Related to this story

Topics
Regions
Tags

Most popular

Featured Events

Publish your event