1. Reasons for Amendment
This amendment aims to improve the standards for permits and approvals of power generation projects and the preparation period system to increase the feasibility of power generation projects, such as the timely construction of power plants, and improve the wind resource meter system so that it can quickly lead to applications for permits and approvals of power generation projects after installing wind resource meters.
2. Major Provisions
A. Reinforce review standards for permits and approvals for power generation projects (Attached Table 1)
- Increase the equity capital to total project cost ratio (10% → 20%).
- Establish a minimum paid-in capital standard for power generation project permit application (1.5% of total project cost).
B. Specify requirements for the adjustment and extension of the preparation period and construction plan approval period (Article 8)
- Designate the construction plan approval period that can be granted for each new and renewable energy generation source (from permission to construction commencement).
* Two years for solar power, two years for fuel cell, four years for onshore wind power, and five years for offshore wind power
- Lead to the timely completion of power generation projects by specifying the conditions for which the construction plan approval period and preparation period may be extended.
* (Preparation Period) Where it is possible to clearly prove that permission for development activities necessary for the construction commencement has been obtained or that it can be obtained and when a business operator submits a reasonable reason for project delay.
* (Construction Plan Approval Period) Where environmental impact assessment is completed and when a business operator submits a reasonable reason for project delay.
C. Establishment of a valid period for wind resource meters, re-establishment of valid area, etc. (Attached Table 2)
- (Valid Period) Stipulate that a power generation project permit is applied for within three years after a meter installation permit.
- (Valid Area) Clearly and simply redefine the valid area classification criteria, and reset the area of the valid area for each classification accordingly.
* (Offshore Meter) Instead of removing a conditional valid area extension clause, expand the basic valid area (5km→7km).
* (Onshore Meter) Unify the valid area into a radius of 2 km regardless of terrain.
- (Measurement Period) Specify detailed standards to recognize data validity when obtaining wind condition measurement data of 85% per month and 90% in total for 12 months.
- (Priority in Case of Overlap) Specify that “revised permit” is not included in the “installation permit date,” which is the standard when determining priority, and reflect the reality by extending the installation period for offshore meters to 12 months.
