KEPCO to sell part of two YoLUDAN power plants... Self-help measure due to debt pressure

The Korea Electric Power Corporation has decided to sell a portion of its stake in the gas combined cycle power plant and wind power plant in Yoludan. As the company's accumulated deficits are increasing and debt is putting pressure on its management, it is reorganizing its overseas assets.
Proceed with the theory. According to the Korean energy industry on the 12th, the company has selected Samjeong KPMG as the selling company and is expected to begin the sale process soon.
The items to be sold are YoLUDAN's Al Qatlana (Al
Quatrana gas combined cycle power plant and Fujeij wind farm. The company is Al Qatlana
The company plans to sell 29 to 45% of its 80% stake in the power plant and 40% of its 100% stake in the Fujajji power plant.
The Al Qatlana power plant, which was completed in 2012, has a scale of 373 megawatts (MW), and the company has invested 113.4 billion won (approximately 12.5 billion yen).
Ru. The Fujeidi Power Plant is an 89.1MW wind power plant that began operation in 2019. The company invested 87.7 billion won (approximately 9.7 billion yen).
As of the end of June this year, the company's consolidated debt reached 201.4 trillion won (approximately 22.3 trillion yen), and for the first time
It exceeded trillion won. The inverted margin structure continued, and operating losses exceeding 47 trillion won (approximately 5.21 trillion yen) were recorded from 2021 onwards. In particular, the limit on additional issuance of KEPCO bonds as operating losses continue.
is also approaching its limit. ``The sale of overseas assets is part of the self-help measures announced in May of this year,'' the company said.