28. North Korea Power Industry Outlook-40,000 MW Power Generation Orders Forecast Within 20 Years

It is projected that within 5 to 10 years following the denuclearization agreement, North Korea will triple its total power generation capacity from the current 8,150 MW to 25,000 MW, reaching 80% electricity accessibility.
Within 15 to 30 years, the addition of two large nuclear power plants with a total capacity of 2,800 MW will bring the total generation capacity to 50,000 MW, achieving 100% electricity accessibility and transitioning into a net energy exporter.
The most ideal power mix 15 years from now will consist of 30% large nuclear power and 20% modernized hydropower for base load. Intermediate load will be handled by Russian gas-LNG combined cycle power plants at 25%, while peak load and distributed power will be covered by offshore wind at 15% and solar power at 10%. Small Modular Reactors (SMRs) will function as a 5–10% self-sufficient power source for special economic zones and industrial complexes. This mix is ​​a structure that simultaneously achieves a base of 25% thermal power for carbon neutrality, diversified supply for energy security, a 25% share of renewable energy for cost competitiveness, and 50% nuclear and hydroelectric power for stability.
Currently, North Korea's electricity production is 24.9 billion kWh, which is only 4% of South Korea's generation of 570.6 billion kWh. As of 2018, North Korea's installed power generation capacity was approximately 8.15 million kW, which is only 6% of South Korea's total electricity production.

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