GANGWON-DO < invest Korea

(TAEBAEK=NEWSIS) Taebaek will hold a groundbreaking ceremony for an eco-friendly plasma power plant on August 14.

According to Taebaek on August 5, the groundbreaking ceremony for a plasma power plant that generates low quality coal into raw materials will be held on August 14 and participants will include Gangwon Province Governor Choi Moon-soon, Taebaek City Mayor Kim Yeon-Sik, Sanckeok City Mayor Kim Yang-ho and residents.

The County will invest KRW 40.8 billion in the plasma power plant that will be built in the cheolam coal preparation plant of Jangseong colliery of the Korea Coal Corporation (KOCOAL). When the construction of the plant (first stage) is completed early next year, commercial development will take place immediately.

The construction of the second and third stage of power plants will begin right after the first plant and the plants will greatly affect the stagnant regional economy.

"The steam plasma generation system, a source technology owned by Green Science, is the world’s first technology that is useful to generate electricity in island areas and dense forest regions,” said a Taebaek official.

Green Science, which moved its head office from Daejeon to the Jangseong Agricultural Industrial Complex in Taebaek last December, will begin exporting plants to countries including Russia, Mongolia and Laos.

casinohong@newsis.com

Source Text

Source: Newsis (August. 05, 2014)

** This article was translated from the Korean.