Business · Energy & Commodities · 2 hrs ago

South Korea needs to build power lines six times faster, adviser warns

South Korea needs to build power lines six times faster, adviser warns

South Korea’s vice chair of the National Economic Advisory Council says power lines must be built six times faster to support major semiconductor and AI projects.

About 70% of transmission lines due by 2030 have not started construction, he said at a Seoul seminar.

The projects are expected to add 30 gigawatts of electricity demand, while transmission lines take an average of 13 years to build.

Data centers may need power within three to four years, so some facilities could be finished before the grid can supply them.

An energy adviser proposed prioritizing projects with confirmed demand, requiring data center operators to pay to reserve power, and giving local governments annual support for hosting infrastructure.

He also proposed a dedicated team that would set project priorities and cost-sharing rules within six months, with construction starting within 36 months.

More power infrastructure and measures to keep the grid stable could add to pressure for higher electricity bills.

1 source

Related

What people are saying

Kim Seong-sikVice chairman of the National Economic Advisory Council
About 70% of the transmission-line capacity due for completion by 2030 has not started construction.
via Maeil Business
To meet the amount that must be built by 2038, we need to build transmission lines six times faster than we do now.
via Maeil Business