Key Developments: Korea Electric Power Corp (KEP)
13.15USD
21 May 2013
$-0.13 (-0.98%)
$13.67
$13.16
$13.18
$13.08
154,630
479,268
$16.39
$9.27
Latest Key Developments (Source: Significant Developments)
Korea Electric Power Corp, Marubeni Corp Venture Receives $2.3 Billion Vietnam Power Plant Order-Reuters
Reuters reported that Korea Electric Power Corp and Marubeni Corp have won a $2.3 billion contract to build and operate a coal-fired power plant in Vietnam, KEPCO said. The venture plans to secure financing from Korea Eximbank and the Japan Bank for International Cooperation, and contract the plant construction to Doosan Heavy Industries & Construction. Full Article
Korea Electric Power Corp Appoints New CEO
Korea Electric Power Corp announced that it has appointed Cho Hwan Yin as its new Chief Executive Officer, replacing Cho Yin Guk, effective December 17, 2012. Full Article
Korea Electric Power Corp Appoints New CEO
Korea Electric Power Corp announced that it has appointed Cho Yin Guk as its new Chief Executive Officer, replacing Kim Jung Gyeom, effective November 16, 2012. Full Article
Korea Electric Power Corp President and CEO Resigns-Reuters
Reuters reported that Kim Joong Kyum, President and CEO of power utility Korea Electric Power Corp (KEPCO) has tendered his resignation for what KEPCO officials said were 'personal reasons'. Full Article
Korea Deposit Insurance Corp Sells Stake In Korea Electric Power Corp-Reuters
Reuters reported that Korea Deposit Insurance Corp (KDIC) sold about $550 million worth of shares in Korea Electric Power Corp (KEPCO) late on October 9, 2012. KDIC through its Korea Resolution & Collection Corp. unit, sold 23.5 million shares of KEPCO, well above its base size of 9.67 million. The offering was priced at KRW25,900, at the bottom end of an indicative range and equivalent to a 3.9% discount to October 9, 2012 close, and raised KRW608.65 billion ($548 million). The sale represented a stake of about 3.6% in KEPCO, out of KDIC's total 5% stake. Citigroup, Deutsche Bank, Shinhan Investment Corp and Woori Investment & Securities were hired as joint bookrunners on the deal. Full Article
Consortium of Wartsila Oyj Abp, Korea Electric Power Corp. and Mitsubishi Corp Signs Agreement with NEPCO in Jordan; To Sign Contract with Consortium of Wartsila and Lotte Engineering & Construction
Wartsila Oyj Abp announced that Amman Asia Electric Power Co., a special purpose company owned by Korea Electric Power Corp., Mitsubishi Corp and Wartsila Corporation, has signed a power purchase agreement with National Electric Power Company of Jordan (NEPCO). According to the 25-year agreement, NEPCO will buy electricity from Amman Asia Electric Power to be fed to the national grid of Jordan. Amman Asia Electric Power intends to shortly sign an engineering, procurement and construction (EPC) contract with a separate consortium, consisting of two companies, Wartsila and Lotte Engineering & Construction of South Korea. The Wartsila led EPC consortium is expected to build an approximately 600 MW (megawatt) independent power producer plant in Jordan. A separate announcement will be made once the EPC contract is signed. This follows the announcement by Wartsila on January 31, 2012 that a consortium consisting of Korea Electric Power Corporation, Mitsubishi Corporation and Wartsila Corporation, had been selected by National Electric Power Company of Jordan (NEPCO) to build IPP3, an independent power producer project in Jordan. Full Article
Korea Electric Power Corp. Sells Stake in KOREA PLANT SERVICE & ENGINEERING Co Ltd
KOREA PLANT SERVICE & ENGINEERING Co Ltd announced that Korea Electric Power Corp. has sold 2,250,000 shares of KOREA PLANT SERVICE & ENGINEERING, equivalent to a 5.00% stake. After the transaction, Korea Electric Power's stake in KOREA PLANT SERVICE & ENGINEERING has decreased to 70.00% from 75.00%. Full Article
KEPCO Engineering & Construction Announces Changes in Shareholding Structure
KEPCO Engineering & Construction announced that Korea Electric Power Corp. has sold 1,175,561 shares of KEPCO Engineering & Construction, equivalent to a 3.08% stake. After the transaction, Korea Electric Power's stake in KEPCO Engineering & Construction has decreased to 74.86% from 77.94%. Full Article
Korea Electric Power Corp. Appoints New CEO
Korea Electric Power Corp. announced that it has appointed Kim Jung Gyeom as its new Chief Executive Officer, replacing Kim Wu Gyeom, effective September 17, 2011. Full Article
Korea Electric Power Corp. Appoints New CEO
Korea Electric Power Corp. announced that it has appointed Kim Wu Gyeom as its new Chief Executive Officer, replacing Kim Ssang Su, effective August 30, 2011. Full Article
Seoul shares slip on foreign sell-off; KEPCO extends fall
SEOUL, April 8 - Seoul shares slipped on Monday as strident rhetoric from North Korea and a slumping yen prompted foreigners to sell shares for a fourth straight day.
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