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Construction of a 20MW fuel cell power plant in Jecheon, Chungcheongbuk-do

[월간수소경제 박상우 기자] A 20MW-class hydrogen fuel cell power plant will be built in Jecheon, North Chungcheong Province.

Jecheon City announced on the 18th that it had signed an investment agreement with Jecheon Cheongpung Fuel Cell for a hydrogen fuel development project worth KRW 130 billion.

Jecheon Cheongpung Fuel Cell is a special purpose corporation (SPC) established for this project, 100% invested by SD Electricity, an eco-friendly energy company.

According to the agreement, Jecheon Cheongpung Fuel Cell will build a hydrogen fuel cell power plant with a power generation capacity of 20MW on a 6,310㎡ site in the 3rd industrial complex by March 2025.

The power plant will produce 160,000 MW of electricity annually and supply it to companies in the Jecheon Industrial Complexes 1-3.

Hong Jin-hyeon, CEO of Jecheon Cheongpung Fuel Cell, said, “Thanks to the active administrative support of Chungbuk-do and Jecheon City, we decided to invest in the future of the company in the Jecheon 3rd Industrial Complex, which has good traffic conditions in all directions.” We will strive to become a company that gives back.”

“We will actively support Jecheon Cheongpung Fuel Cell so that it can grow and settle down as a company that walks the future of the energy industry,” said Mayor Kim Chang-gyu.

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