According to The Korea Economic Daily Global Edition,
The draft of the Korean government's 10th Basic Plan for Electricity Supply and Demand contains a clause on reducing the share of coal generation to below 20% by 2030, a rate lower than that of a working-level plan released in August.
The Ministry of Trade, Industry and Energy on Thursday said the idea is to have nuclear power account for 32.4% of energy use by 2030, liquefied natural gas (LNG) 22.9%, renewable energy 21.6% and coal 19.7%. In addition, carbon-free resources like hydrogen and ammonia will comprise 2.1% and others 1.3%.
The figure for nuclear energy is down fourth-tenths of a percentage point from 32.8% under the working-level plan released on Aug. 30 and 1.5 points lower than 21.2% for coal. LNG at 20.9% and new renewable energy at 21.5%, however, saw higher shares under the basic plan, and the maximum power demand of the former plan was also more than in the working-level plan.
The draft plan forecast peak electricity demand at 109.3 gigawatts in 2030 and 118 GW in 2036, with demand seen to rise an annual average of 1.5% from this year through 2036. The working-level plan set maximum demand at 109 GW in 2030 and 117.3 GW in 2036.
This is seen as a policy to respond to growing demand through LNG and renewable power generation, whose facilities are easy to expand.
On Nov. 28, the ministry will hold a public hearing on the basic plan, which is devised every two years, report it to the Standing Committee of the National Assembly and gain final approval.
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Source: The Korea Economic Daily Global Edition (Nov. 25, 2022)