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Mongolia|business|December 13, 2018 / 01:35 PM
'Northeast Asia super grid' costs at least $6.2 billion: KEPCO

AKIPRESS.COM - A cross-border power grid system that would connect South Korea with China, Russia and Japan is expected cost over 7 trillion won ($US6.2 billion) to build, a state-run utility firm said.

In a feasibility report submitted to parliament, the Korea Electric Power Corp. (KEPCO) said connecting the electricity system between the four nations for the so-called Northeast Asia super grid would cost around 7.2 trillion to 8.6 trillion, Korea Times reported.

KEPCO estimated 2.9 trillion won for connecting China's eastern port of Weihai with South Korea's western port of Incheon via undersea power cables that will cover some 370 kilometers.

It also estimated 2.4 trillion won to link Vladivostok in the Russian Far East, via North Korea, to the northern part of Gyeonggi Province using land cables, which would cover approximately 1,000 km.

To connect with Japan, the report proposed linking Goseong in South Gyeongsang Province with either Kitakyushu or Matsue, both on the northern coasts of Japanese islands, expecting building undersea cables to cost around 1.9 trillion to 3.3 trillion won.

KEPCO has pushed for the pan-Asia energy scheme to secure stable power supply as the government has been shifting its focus from coal and nuclear power to renewable energy, such as solar and wind power.

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