The South Korean government has drawn up a draft of the 10th Basic Plan for Electricity Supply and Demand. This contains a clause on reducing the share of coal-fired power generation to below 20 per cent by 2030, a rate below that of the plan released in August 2022.
The Ministry of Trade, Industry, and Energy said that the plan is for nuclear power to account for 32.4 per cent of energy use by 2030, LNG to 22.9 per cent, renewable energy 21.6 per cent, and coal 19.7 per cent. In addition, carbon-free resources like hydrogen and ammonia will comprise 2.1 per cent and other sources 1.3 per cent.
The figure for nuclear power is down 0.4 per cent from 32.8 per cent from the August plan, and coal is down by 1.5 per cent from 21.2 per cent. LNG and renewable energy have been increased from the previous plan, and the assumed maximum power demand has also been increased.
The Ministry said that this was a policy to respond to increasing demand through LNG and renewable power generation, where facilities are easy to expand. The Ministry will hold a public meeting on 28 November on the basic plan, which is devised every two years, report it to the Standing Committee of the National Assembly and gain final approval.