Table 2. Basic data for economic analysis.

Classification Description
Electricity sales price 120.0KRW/kwh
Heat sales price 65.2KRW/Mcal
Wood chip price 95,000KRW/ton
Wood chip heating value 2,666 kcal/kg
REC (weight 1.0) 44.3KRW/KW
Annual maintenance 0.5% of initial investment
Insurance etc 0.23% of initial investment
Initial investment(subsidy 50%) 2,213 million KRW
labor cost (1 person) 20 million KRW per year