# South Korean energy infrastructure and technology expansion > Live situation record from CLSTR: https://clstr.news/situations/south-korean-energy-infrastructure-and-technology-expansion > Updated: 2026-09-11T00:37:23.000Z. Sources: 4. Developments: 2. South Korean industrial firms are expanding energy infrastructure and production capabilities to meet rising electricity demands. Hyundai Engineering has been named the preferred bidder for two major power plant projects totaling approximately 2.4 trillion won. These include the 1,050MW Yongin Cogeneration Power Plant, intended to support a semiconductor cluster, and the 500MW Shin-Honam Combined Cycle Power Plant. Both projects are designed with potential future transitions to hydrogen energy. Concurrently, HD Hyundai Heavy Industries announced an investment of over 1 trillion KRW to expand production for land-based power engines and Small Modular Reactors (SMR). This investment aims to address electricity demand driven by AI data centers. The company plans to establish a 3GW engine production base in Ulsan and build a dedicated factory for SMR component manufacturing. ## Timeline ### 2026-09-11: HD Hyundai Heavy Industries to invest 1 trillion KRW in power engines and SMRs HD Hyundai Heavy Industries is investing 1.07 trillion KRW in Ulsan to expand power engine and SMR production to meet rising AI data center electricity demands. 2 sources. https://clstr.news/cluster/hd-hyundai-heavy-industries-to-invest-1-trillion-krw-in-power-engines-and-smrs ### 2026-09-10: Hyundai Engineering wins 2.4 trillion won power plant contracts Hyundai Engineering secured preferred bidder status for two South Korean power plant projects in Yongin and Yeosu, worth 2.4 trillion won, to support industrial energy needs. 2 sources. https://clstr.news/cluster/hyundai-engineering-wins-24-trillion-won-power-plant-contracts --- Cite as: South Korean energy infrastructure and technology expansion. CLSTR, https://clstr.news/situations/south-korean-energy-infrastructure-and-technology-expansion