GS Engineering and Construction said on the 16th that it completed the Taean Haetdeulwon Solar Power Plant, a solar power facility that uses salt-damaged farmland.
The Taean Haetdeulwon Solar Power Plant, built in Taean County, South Chungcheong Province, is notable for converting farmland that had been left idle due to low productivity into an eco-friendly resource. Solar equipment was installed on about 660,000㎡ (about 200,000 pyeong) of salt-damaged farmland to produce about 80,000 MWh of electricity annually, enough for about 23,000 households.
The Taean Haetdeulwon Solar Power Plant completed by GS Engineering and Construction was promoted through Taean Haetdeulwon Solar Power, established by a joint investment from GS Engineering and Construction (50%), Korea Western Power (KOWEPO) (45%), and Seohwan Industry (5%). As the largest shareholder of this project, GS Engineering and Construction served as the lead for project development and EPC (engineering, procurement and construction).
This project is a resident-participation model that shares power-generation revenue with local residents. Four percent of the total project cost is allocated for resident participation. The revenue to be shared with local residents over 20 years through 2045 is estimated at about 11 billion won.