Dae Myoung Energy Signs Goheung Naro BESS Construction Contract Valued at 33.7 Billion KRW, 25.7% of Sales
Dae Myoung Energy has entered into a construction contract with Goheung Naro Energy Storage Co., Ltd. for the Goheung Naro BESS project. The contract amount is 33.7 billion KRW, representing 25.73% of its recent sales of 130.97 billion KRW.
The contract period runs from April 16, 2026 to March 31, 2027, with payment terms of 30% advance, 60% progress payments, and 10% final payment.
This contract is part of a joint supply agreement from a winning bid in the 2025 first ESS central contract competitive bidding, and only Dae Myoung Energy's portion is disclosed.
[AI Summary]Dae Myoung Energy secures a new BESS project order, adding a meaningful revenue stream worth 25.7% of sales. The payment terms ensure stable cash flow. The contract supports medium-term earnings growth without diluting existing shareholders.