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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Korea Electric Power Corporation    A015760   KR7015760002

KOREA ELECTRIC POWER CORPORATION

(A015760)
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Korea Electric Power : KHNP keen on clean energy, nuclear in Poland

04/07/2021 | 08:57am EDT
FILE PHOTO: The Shin Kori No. 1 reactor (R) and No. 2 reactor of state-run utility Korea Electric Power Corp (KEPCO) are seen in Ulsan

WARSAW (Reuters) - Korea Hydro & Nuclear Power (KHNP) is interested in developing clean energy projects in Poland, including possibly taking a slice of Warsaw's multi-billion nuclear plans, the company's chief executive said.

Poland generates most of its electricity from coal, but pressure from investors and many governments, as well as rising costs for carbon emissions certificates have driven the country to seek low and zero emission energy sources.

While the overall process is not carbon neutral, nuclear generation produces zero emission electricity and Warsaw is seeking a partner to build 6-9 gigawatts (GW) of nuclear energy capacity and provide 49% equity financing for the project.

The cost of the Polish share, officials estimate would be 80 billion zlotys ($20.75 billion).

Poland's most advanced talks on technology and financing are with the United States, but it has also spoken to France.

Jae-Hoon Chung, Chief executive at KHNP, a unit of Korea Electric Power Corp (KEPCO), told Reuters South Korea could be interested too and plans to submit an offer.

"We have many entities that can support this plan, such as the Korean Export Credit Agency, KEXIM bank and the Korea Trade Insurance Corporation, KSURE... I'm sure that our offer can fully satisfy the Polish government's expectations," Chung said of Poland's plan to find a partner.

Already KHNP is among potential bidders to build a nuclear power plant in the neighbouring Czech Republic, but Chung said Poland may face more challenges as it is developing nuclear for the first time.

He said he expected the tender in the Czech Republic to start in December after security concerns were addressed.

KHNP, which does not invest in fossil fuels, is also interested in the other alternatives Poland is pursuing including wind energy and solar, he said.

($1 = 3.8549 zlotys)

(Reporting by Agnieszka Barteczko; editing by Barbara Lewis)


© Reuters 2021
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Financials
Sales 2021 58 886 B 52,8 B 52,8 B
Net income 2021 1 585 B 1,42 B 1,42 B
Net Debt 2021 70 085 B 62,8 B 62,8 B
P/E ratio 2021 10,3x
Yield 2021 3,32%
Capitalization 15 536 B 13 911 M 13 920 M
EV / Sales 2021 1,45x
EV / Sales 2022 1,43x
Nbr of Employees -
Free-Float 81,5%
Chart KOREA ELECTRIC POWER CORPORATION
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Korea Electric Power Corporation Technical Analysis Chart | A015760 | KR7015760002 | MarketScreener
Technical analysis trends KOREA ELECTRIC POWER CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 33 021,74 KRW
Last Close Price 24 200,00 KRW
Spread / Highest target 77,7%
Spread / Average Target 36,5%
Spread / Lowest Target 3,31%
EPS Revisions
Managers and Directors
NameTitle
Jong-Kap Kim President, Chief Executive Officer & Director
Jeong-soo Kim Head of Finance & IR Team
Jong-Hwan Lee Head-Technological Innovation
Jwa-Kwan Kim Independent Director
Bong-Ryeol Yang Independent Director
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