The world’s largest landfill gas (LFG) power plant was completed and went into operation in Inchon Tuesday.
The plant is run on the gas that is generated from construction and other garbage buried in the land.
The Ministry of Environment said that the 50 megawatt (MW) plant is expected to reap more than 50 billion won in combined profits a year by selling the electricity, replacing reliance on imported oil for energy and reducing the amount of greenhouse gas emissions.
About 340,000 MWh’s of electricity will be supplied to more than 180,000 households in the metropolitan area, making 16.9 billion won in profit a year. The electricity supplement will replace 500,000 barrels of heavy oil imported a year, which costs around 20 billion won. Also the plant will reduce 1.37 million tons of greenhouse gas that is produced during the thermal power generation procedure of burning the heavy oil.
Also, the technique is considered a clean development mechanism. If the greenhouse gas reduction is approved by the United Nations, Korea will gain 13.7 billion won worth of certified emission reductions (CERs) in the world gas emission market. The country is now pushing to register the mechanism with the United Nations Framework Convention on Climate Change.
Tuesday, December 12, 2006
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