Page 13 - AsiaElec Week 19 2021

AsiaElec NEWS IN BRIEF AsiaElec

WIND it aims to activate the reactor and start power investors, executives and policymakers every
generation and transmission in late June. Full- quarter on the energy sector.
South Korea announces blown operation will resume in late July, the power generation capacity addition in FY21,
“Renewable energy (RE) dominated
company said.
plan for 6GW floating wind announced on April 28 that he was approving accounting for 7.7 GW (64 per cent) of the
Fukui Governor Tatsuji Sugimoto
12.1 GW added,” the report said.
project the resumption of operations of the No. 3 India’s RE sector, particularly the solar, has
Gagan Sidhu, Director, CEEW-CEF, said,
reactor at Mihama, as well as the No. 1 and
The president of South Korea, Moon Jae- No. 2 reactors--both more than 40 years old-- shown resilience in FY21 despite supply
in, has announced plans to invest KRW 36 at the KEPCO’s Takahama nuclear plant in the chain disruptions caused by the COVID-19
trillion ($32bn) in the construction of what prefecture. pandemic.
is being hailed as the world’s largest offshore But KEPCO announced that it would Nikhil Sharma, Associate, CEEW-CEF,
floating wind park. be unable to meet the June 9 deadline for said, “While a handful of developers continue
The 6GW complex, to be completed completing anti-terrorism measures at the to dominate auctions, new market entrants
by 2030, will be built off the country’s Takahama reactors, leaving the company’s are giving them competition by bidding
southeastern industrial hub of Ulsan City plan without clear prospects. aggressively. These include large public sector
on the country’s first commercially viable companies such as NTPC Ltd, SJVN Ltd
offshore natural gas field. Ulsan is a hub for and Coal India, as well as smaller, private
South Korea’s shipbuilding and offshore plant developers and international developers such
industries, hosting many companies that can POLICY as Al Jomaih Energy and Water Co.”
participate in offshore wind projects. The CEEW Centre for Energy Finance
President Moon Jae-in stated that the India adds 12.1 GW (CEEW-CEF) is an initiative of the Council on
investment for the project will be sourced Energy, Environment and Water (CEEW), one
from both the public and private sectors and generation capacity 2021 of Asia’s leading think tanks. CEEW-CEF acts
that the project will create 210,000 jobs. as a non-partisan market observer and driver
When completed the wind farm will India added 12.1 GW power generation that monitors, develops, tests, and deploys
produce enough electricity to power 5.7mn capacity in 2020-21, of which 7.7 GW was financial solutions to advance the energy
households and will account for half of from renewable energy sources, according to transition.
South Korea’s planned offshore wind power a report.
production in 2030. Furthermore, the wind India’s total power generation also
farm will reduce 9.3mn tons of greenhouse increased by 1.3 per cent in FY21 despite
gas emissions per year and produce 84,000 pandemic restrictions, driven by a post-
tons of clean hydrogen per year. lockdown surge in electricity demand. The
President Moon praised Ulsan’s sea as share of RE in the energy mix was 10.1 per
being optimal for such projects because of cent, up from 9.4 per cent in FY20, the CEEW
its wide continental shelf and strong winds Centre for Energy Finance (CEEW-CEF)
of over 8 metres per second. Moon said Market Handbook said.
in a speech in Ulsan: “Sea winds are like The CEEW-CEF Market Handbook
carbonless petroleum in the 21st century. provides independent market intelligence to
Large scale offshore wind farms will bring
us a short cut to achieve carbon neutral and
provide us with new growth engines.”

NUCLEAR
KEPCO to restart aging

nuclear reactor in Mihama

Kansai Electric Power Co. on May 12
announced it will restart a nuclear reactor
more than 40 years old in late June.
The utility company has discussed the
plan to resume the No. 3 reactor at its nuclear
power plant in Mihama, Fukui Prefecture.
It will be the first nuclear reactor more
than four decades old to be put into operation
in Japan since the 2011 Great East Japan
Earthquake, tsunami and nuclear disaster.
Nuclear fuel loading at the No. 3 reactor
is expected to start on May 20. KEPCO said

Week 19 12•May•2021 www. NEWSBASE .com P13