Amon Energy to Invest ₩20 Billion in Green Ammonia Power Plant in Pohang
Amon Energy and Pohang City signed an investment MOU to construct a ₩20 billion green ammonia-based hydrogen distributed power generation facility in the Yeongilman 4th General Industrial Complex by 2030.
Our take
What does Korea's distributed energy special zone status mean for generators selling power to local industry?
Korea's distributed energy act lets generators in a designated special zone sell power directly to local users at negotiated prices outside the wholesale market, but that power earns no renewable energy certificates.
The article does not say whether this ammonia-based plant's sales to industrial tenants will use the direct route, and that choice, with the price agreed with tenants, decides its revenue.
What the source says
- Amon Energy will invest ₩20 billion in a new renewable energy generation facility.
- The investment will take place from 2026 to 2030.
- The facility will be a green ammonia-based hydrogen distributed power generation plant.
- GS E&C and Amogy were jointly selected as Distributed Energy Special Zone operators last year.
- Kim Ki-tae Kim Ki-tae, CEO of Amon Energy, stated that Pohang's industrial infrastructure is suitable for demonstrating and commercializing next-generation hydrogen technology.
- Park Yong-seon Park Yong-seon, Mayor of Pohang, stated that the city will provide administrative and institutional support to help the company establish itself and expand globally.
- The initial 1 MW facility will verify power production and technical performance before expanding capacity based on business viability and demand.
For investors — Distributed generation investors should model special zone sales without certificate revenue and confirm whether offtake is a direct contract with tenants or a sale through KEPCO.
Corporate buyers in special zones should ask for direct supply terms, since the law lets price and conditions be set by individual contract.
Watch: Announcement of specific regulatory exemptions or incentives for projects within the Pohang Distributed Energy Special Zone.
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