In order to provide fundamental data for developing greenhouse gas emission factor, we investigated power plants in Korea using B-C oil as Energy source. The power plant is a major source of greenhouse gases among the sectors of fossil fuel combustion, thus information of its emission factors is very essential to the establishment of control strategies for the greenhouse gas emissions. The caloric value of fuel was analyzed using calorimeter and the calorific value was 10,419 kcal/kg. The $CO_2$ concentration of flue gas and elemental analysis were conducted using GC-FID and elemental analyzer. The $CO_2$ emission factors from fuel analysis was 75,410 kg/TJ and that from $CO_2$ gas analysis was 94,265 kg/TJ. When compared with IPCC values, the emission factors by the fuel analysis was 2.5% lower, and that by $CO_2$ gas analysis was about 21.85% higher.