Fact Source: Financial Supervisory Service DART
Market: KOSPI (015760)
💡 3-Second Summary
KEPCO has resolved to provide a debt guarantee of approximately KRW 1.423T for two local entities to support project execution and financing for the Saudi gas-fired power plant projects.
📊 [Key Disclosure Contents & Major Financial Figures]
- Overview and Purpose of Guarantee
- Purpose of Guarantee: Parent company guarantee for equity and debt financing regarding Saudi Ruma and Nairyah combined-cycle power plant projects
- Debtors: Remal Energy Company, Naseem Energy Company (Two project entities)
- Creditors: Project Owner (Saudi Power Procurement Company), Lender Group (Unconfirmed prior to financial contract execution)
- Guarantee Amount and Equity Ratio
- Debt Guarantee Amount: KRW 1.423T (KRW 1,422,624,000,000 / USD 1,022,000,000 at exchange rate of 1,392.00 KRW/$)
- Remal Energy Company: KRW 711.312B (USD 511,000,000)
- Naseem Energy Company: KRW 711.312B (USD 511,000,000)
- Total Equity: KRW 37.265T (KRW 37,264,750,172,548 based on FY2023 consolidated financial statements)
- Ratio to Total Equity: 3.8%
- Total Debt Guarantee Balance: KRW 1.423T (Based on the guarantee amount under this disclosure)
- Guarantee Period and Board Governance
- Guarantee Period: Start date at PPA execution; end date at the termination of the project entity’s power plant operation period (To be finalized via follow-up correction disclosure upon agreement execution)
- Board Resolution Date: November 20, 2024 (8 Outside Directors present, 0 absent / Auditor present)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Guarantee Terms Finalization Following Lender Group and Financing Confirmation
This disclosure announces the decision to provide parent company guarantees for two local entities regarding Saudi power plant project execution and financing. Because specific terms such as the lender group composition and guarantee period remain unconfirmed, monitoring how finalized terms are updated through subsequent correction disclosures is important. Investors can confirm further details through subsequent official filings or periodic reports.
📢 Disclaimer & Source Notice
Source: This content has been re-structured and generated based on official corporate filing data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This information is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest entirely with the investor.
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