Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Korea Electric Power Corporation    A015760   KR7015760002

KOREA ELECTRIC POWER CORPORATION

(A015760)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Korea Electric Power : South Korea to close six older coal-fired power plants by 2021, from planned 2022

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/01/2019 | 01:01am EST
Vehicles move on a road on a polluted day in Seoul

SEOUL (Reuters) - South Korea's six older coal-fired power plants will be retired by 2021, a year earlier than previously planned, as part of the country's ongoing efforts to curb air pollution, the prime minister's office said on Friday.

South Korea, Asia's fourth-largest economy, runs some 60 coal-fired power plants, generating around 40% of the country's electricity, but coal has been blamed for worsening air quality in the country.

The six older coal-fired power plants account for 7% of the total installed coal power capacity, or 2.6 gigawatts, according to Reuters calculations based on data from Korea Electric Power Corp.

South Korea stops operations at some ageing coal-fired power plants from March to June every year to reduce air pollution levels and put a cap on coal power operations when an air pollution advisory is issued.

Meanwhile, the prime minister's office said the government will decide in late November the number of coal power plants to be shut down between December and March to further lower the country's air pollution levels.

In September, South Korea's presidential committee recommended halting up to 14 coal power plants between December and February and up to 27 in March, ramping up the country's anti-pollution measures.

(Reporting By Jane Chung; Editing by Shounak Dasgupta)

Stocks mentioned in the article
ChangeLast1st jan.
KOREA ELECTRIC POWER CORPORATION End-of-day quote.
POWER CORPORATION OF CANADA -0.31% 32.25 Delayed Quote.31.47%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KOREA ELECTRIC POWER CORPO
11/13ADRs Slide in New York Trading; Korea Eletric Trades Actively
DJ
11/13KOREA ELECTRIC POWER : 3Q Net Profit Plunged 67% on Year
DJ
11/01KOREA ELECTRIC POWER : South Korea to close six older coal-fired power plants by..
RE
10/31KOREA ELECTRIC POWER : South Korea's LNG imports to fall on new nuclear, coal pl..
RE
09/16KOREA ELECTRIC POWER : Business Report for 2Q FY19
PU
09/08KOREA ELECTRIC POWER : S. Korea working to recover from damage caused by Typhoon..
AQ
08/20Russia, China and South Korea vie for Bulgarian nuclear project
RE
08/19Bulgaria nuclear project attracts China and South Korea interest - sources
RE
08/14Korea Electric Power 2Q Net Loss Narrows; Beats Expectations
DJ
08/13KOREA ELECTRIC POWER : ER Notice
PU
More news
Financials (KRW)
Sales 2019 59 482 B
EBIT 2019 18,8 B
Net income 2019 -1 483 B
Debt 2019 63 224 B
Yield 2019 -
P/E ratio 2019 -12,1x
P/E ratio 2020 13,4x
EV / Sales2019 304x
EV / Sales2020 301x
Capitalization 18 007 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 31 795,45  KRW
Last Close Price 28 050,00  KRW
Spread / Highest target 42,6%
Spread / Average Target 13,4%
Spread / Lowest Target -21,6%
EPS Revisions
Managers
NameTitle
Jong-Kap Kim President, Chief Executive Officer & Director
Jeong-soo Kim Head of Finance & IR Team
Jong-Hwan Lee Head-Technological Innovation
Bong-Su Mun Director & Head-Power Grid
Jwa-Kwan Kim Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
KOREA ELECTRIC POWER CORPORATION15 474
NEXTERA ENERGY, INC.33.14%113 113
ENEL S.P.A.36.30%77 061
DOMINION ENERGY, INC.14.90%67 584
SOUTHERN COMPANY41.62%65 231
DUKE ENERGY CORPORATION2.64%64 578