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    A015760   KR7015760002

KOREA ELECTRIC POWER CORPORATION

(A015760)
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Korea Electric Power : Grid Connection Succeeded on Barakah Nuclear Power...

09/15/2021 | 07:22am EST

KEPCO News

Grid Connection Succeeded on Barakah

Nuclear Power Plant Unit 2

  • Contributing to the stable clean electricity supply in the UAE together with Unit 1 being in commercial operation

September 2021

  • Barakah NPP Unit 2 has been successfully connected to the UAE grid, as announced on 14 September 2021 by Korea Electric Power Corporation (KEPCO), the prime contractor and joint venture partner, and Emirates Nuclear Energy Corporation (ENEC), the project owner.
    • Connecting to the grid means delivering electricity produced from the nuclear power plants to households and businesses. This connection to the grid made possible for Unit 2, along with Unit 1 that started its commercial operation last April, to supply sustainable electricity to the UAE.
    • The Unit 2 grid connection was achieved just over two weeks after reaching initial criticality, utilizing the lessons learned from Unit 1, and the Shin Kori 3 & 4 plants in Korea, the reference plants for Barakah.
    • Barakah NPP Unit 2 is scheduled to commence commercial operation in the coming months, after going through commissioning steps such as Power Ascension Test and Performance Test.
  • A week before achieving the milestone, Seung-il Cheong, CEO of KEPCO, visited the Barakah NPP site with other Team Korea leaders from KEPCO E&C, KEPCO KPS, KEPCO NF, and KEPCO KDN to support the successful power ascension test of Unit 2 and commissioning of Units 3&4, making a commitment to continue cooperating closely with the owner and the subcontractors towards Substantial Completion of the subsequent units.
  • Unit 3 is now undergoing remaining commissioning tests to complete system turnover for operations. Unit 4 is currently preparing for the Hot Functional Test.
  • Thanks to the Unit 2 grid connection, the UAE was able to take a step forward towards achieving its goal of expanding clean energy nation-wide through the simultaneous operation of the two units. This also has served as an opportunity for Korea and the UAE to build on the strong foundation for bilateral cooperation in the energy sector.

Disclaimer

KEPCO - Korea Electric Power Corporation published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 11:21:02 UTC.


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Financials
Sales 2021 59 788 B 50,7 B 50,7 B
Net income 2021 -3 597 B -3,05 B -3,05 B
Net Debt 2021 71 109 B 60,3 B 60,3 B
P/E ratio 2021 -3,74x
Yield 2021 0,41%
Capitalization 13 321 B 11 223 M 11 296 M
EV / Sales 2021 1,41x
EV / Sales 2022 1,40x
Nbr of Employees -
Free-Float 48,3%
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Technical analysis trends KOREA ELECTRIC POWER CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 20 750,00 KRW
Average target price 27 823,81 KRW
Spread / Average Target 34,1%
EPS Revisions
Managers and Directors
Seung-il Cheong President, Chief Executive Officer & Director
Jeong-soo Kim Head of Finance & IR Team
Jwa-Kwan Kim Independent Director
Hyo-Seong Park Independent Director
Hyeon-Bin Lee Director & Head-Management Support
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